Year end discount or turnover discount

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Bhumika bharwani (Querist)
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28 December 2011 dear frnd,
i have a query hope will get the response soon as per circular no.354/81/2000 year end allowed as deduction bt for this assessee has to make request for provisional assessment if he do so nd the final assessment made on higher side he is required to pay the additional bt if on other sight if f.a is on lower sight(450000) shall assessee get the refund or not???
eg: sp :500000
Less:5oooo(Year end dicount)
-------
450000
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hope my query will clear to all i need reply of above...as earliest

U S Sharma

U S Sharma (Expert)
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29 December 2011 discounts should be taken before mentioning assessable value at invoice stage, afterwards any discount offered/ allowed should not be admitted under excise.

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