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turnover discount
if any one giving turnover discount (target sales) should be issue credit note with gst or without gst
Replies (4)
As per Circular 92/11/2019, Dt. 7/3/2019 can be issued without GST
can u send me the link of that
with GST
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)
Link - https://www.cbic.gov.in/resources//htdocs-cbec/gst/circular-cgst-2.pdf;jsessionid=FCA5136F6050D742FC377CDAD5D7EFF7
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