GST not payable on volume discount where no GST adjustment is made: AAR

Bimal Jain , Last updated: 04 November 2019 Share Follow on Google News

Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held that volume discount received on purchases and sales through credit note without any adjustment of GST is not liable for GST. Further, s

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About the Author

Bimal Jain

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FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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