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Target based discounts
Will the target based discounts given to the dealers attract GST.? (If yes then it will be payable by whom? By the supplier or by the dealer)
Replies (2)
Discounts under GST are classified in two categories:
Discount before supply: No GST if discount is mentioned on invoice.
Discount after supply:
No GST if:
1) There is agreement or contract before supply that discount will be passed on
2) Discount given should be linked to each identifiable invoice
3) Receipient reverses ITC
Discount before supply: No GST if discount is mentioned on invoice.
Discount after supply:
No GST if:
1) There is agreement or contract before supply that discount will be passed on
2) Discount given should be linked to each identifiable invoice
3) Receipient reverses ITC
thanks a lot sir
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