Vat on cash discount

This query is : Resolved 

21 February 2014 Dear all expert ,I have a confusion whether vat is charged in cash discount as shown in bill as reduction from gross amount or not.

22 February 2014 VAT is not charged on Discount if such discount is known at the time of sales.
If you make a sales transaction and then you give discount such discount will not be considered.
From above it is clear that on trade discount VAT will not be chargeable and on Cash Discount VAT be be charged.



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