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Cash Discount

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(Querist)
14 January 2009 the client showingthe the cash discount on the face of invoice nad book the sales with gross amount ,


whether it is subject to cst





















and can be regarded as trade discount
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Jitender

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Jitender (Expert)
14 January 2009 disc is not subject to cst.
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Taxguy

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Taxguy (Expert)
15 January 2009 Discount is exempt from sales tax.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
15 January 2009 Discount is not form part of any tax as tax is liable on the final figure of the bill after the discount and other deduction
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CA Sandeep Thakur

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CA Sandeep Thakur (Querist)
04 August 2009 Thanks alot
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