Discount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
When a Dealer makes a sale under VAT less than the rate he has received and in turn his supplier issues Credit note for the loss as Discount without any Tax breakup, Will this
Discount attract Vat? in Karnataka
Discount attract Vat? in Karnataka
19 August 2013
In Tamilnadu, Andhra & Kerala, credit note for discount does not attract VAT. You have not specified Your State.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
It is Karnataka
20 August 2013
I THINK, FROM 1ST APRIL 2013, CLAIM BASED CREDIT NOTE FOR DISCOUNT, VAT IS NOT ELIGIBLE FOR DEDUCTION IN KARNATAKA ALSO.
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