Cash Discount

This query is : Resolved 

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

14 January 2009 disc is not subject to cst.

15 January 2009 Discount is exempt from sales tax.


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

04 August 2009 Thanks alot
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