Gst on incentive credit notes
This query is : Resolved
27 June 2024
Dear Sir,
Ao wish to treat assessee incentive credit notes mentioned in p&l ac of asseessee as supply u/s 15(3) gst. whether AO view point is correct ?
Please clarify.
Ao wish to treat assessee incentive credit notes mentioned in p&l ac of asseessee as supply u/s 15(3) gst. whether AO view point is correct ?
Please clarify.
28 June 2024
Since the amount received in the form of credit note is actually a discount and not a supply by the applicant to the supplier, no GST is leviable on receiver on cash discount/incentive/scheme offered by the supplier to applicant through credit note against supply without adjustment of GST.
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