8 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 19 April 2020
No... Gst not applicable...
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 19 April 2020
Dept can't Give notifications for every points in the law / rule.
better to Refer sec 15(3) of CGST act.
Durga Prasad
(97 Points)
Replied 20 April 2020
If discount given after supply them we have to see the condition's satisfied or not.
The condition's are
1. Discount is mentioned in invoice
2. Itc reversal on such good's
3. Relevant documents are there.
If the above conditions are satisfied then discount is considered while calculating Gst.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 20 April 2020
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 20 April 2020
ANY discount shall be reduced from the value of supply SEC 15 (3)
any discount provided before or at the time of supply then reduced
and discount after time of supply also reduced from value of supply subject to conditions .
Rajkumar Patel
(602 Points)
Replied 20 April 2020
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 20 April 2020
If any agreement is done for such discount at or before supply & discount can be linked to relevant invoices , then yes GST is applicable.
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