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discount and rebates in case of vat

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(Querist)
12 October 2009 in case any discount is allowed the amount of sale of product,
then what should be the treatment of vat and discount?
should discount be allowed be4 charging vat or vica versa?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
12 October 2009 If the discount is a trade discount it should be allowed from the proposed sale value and on net value you should charge vat.

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