Gst rate on incentive income received in mobile industry

This query is : Open

Preetam Singh Shekhawat (Querist)
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20 January 2018 Dear Sir,

What is the GST rate on incentive income received from a mobile wholeseller dealer to mobile retailer in the form of credit note ?

RAJA P M

RAJA P M (Expert)
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20 January 2018 As per your Query., The rate of GST as per the Items Rate of Tax...

But.,
Once consider the Credit note if taxable or not...

Preetam Singh Shekhawat

Preetam Singh Shekhawat (Querist)
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20 January 2018 Sir,

As per my knowledge, this incentive income is in the nature of commission and GST rate is 18% on commission. Please clarify?

Item GST rate in the above case is 12%.

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RAJA P M

RAJA P M (Expert)
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20 January 2018 Commission and Discount is different nature...

If you will get it as Commission then you can charge GST and Will give Invoice.

Preetam Singh Shekhawat

Preetam Singh Shekhawat (Querist)
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22 January 2018 Sir,

My client is in a retail mobile business. He is receiving credit note from whole sale dealers of mobiles for the sale of specific mobiles in various period like Diwali season or any festive season. In some of the credit note the supplier is charging GST @12% and some are not charging. How to deal with it in this situation?

Please clarify