How to charges GST in the case of
This query is : Resolved
01 June 2022
How to charges GST in the case of
Trade Discount and cash Discount.
Trade Discount and cash Discount.
01 June 2022
No GST applicable on trade discount and GST applicable on cash discount.
02 June 2022
Discount which is given on or before the time of supply & duly recorded in invoice and discount given after supply which is as per the terms of agreement agreed before doing the supply, You need to charge the GST on discount vale. Other than this, you will be liable to pay the GST.
02 June 2022
Correcting the sentence- "You need to charge the GST on discount vale" to be read as "You need not to charge the GST on discount value"
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