turnover discount
imran (article) (91 Points)
11 May 2019
if any one giving turnover discount (target sales) should be issue credit note with gst or without gst
Pankaj Rawat
(GST Practitioner)
(55030 Points)
Replied 11 May 2019
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 11 May 2019
Issuance of credit note with GST is not mandatory..
If supplier wishes to adjust GST liability to the extent of discount - should issue credit note with GST and recipient need to reverse credit.
If supplier do not want to adjust GST liability - credit note can be issued without GST (financial credit note as per said circular)
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