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Discount On Sale

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(Querist)
03 March 2020 One party had sale on July 2019 (let say 100+18=118)but buyer done payment less then invoice value let say 98 so party shown the difference in discount i.e. 2 Rs. and issued credit note of Rs 2 to Buyer. Is GST applicable on discount amount ?
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
03 March 2020 Yes
GST on discount is not applicable only on those cases where the it is indicated in agreement before the supply takes place
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CA Garima Bhayana

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CA Garima Bhayana (Querist)
03 March 2020 Thanks for reply Mam. Can you please tell me in detail what will be treatment in GST Returns? Whether GST will be deducted from outward supply ?
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Gokul Sharma

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Gokul Sharma (Expert)
03 March 2020 if you want to reduced your gst liability then you should issued credit note to the party.
2 Rs + gst applicable
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CA Garima Bhayana

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CA Garima Bhayana (Querist)
04 March 2020 can we issue credit note of Rs 2 to party without GST and debit Rs 2 in P&L A/c as discount?

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