Discount
Hiten Shah (77 Points)
28 July 2017
we are in textile business we usually give 5 %discount what about gst on discount , can we deduct discount first and then add gst please guide
9 Replies
Sandeep Upadhyay
(1518 Points)
Replied 28 July 2017
GST is charged on transaction value i. e value - discount = net value
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 28 July 2017
yes u can deduct it before charging gst.
Hiten Shah
(77 Points)
Replied 28 July 2017
as retail outlet in rural area customer are not ready to give additional gst on price ,so can we deduct exact amount of gst on selling price as discount and than add gst accordingly
Hiten Shah
(77 Points)
Replied 28 July 2017
ie gst on textile is 5%, so on selling price if we give discount 4.76 % and than add 5 %we get same price please guide
Hiten Shah
(77 Points)
Replied 28 July 2017
ie gst on textile is 5%, so on selling price if we give discount 4.76 % and than add 5 %we get same price please guide
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 July 2017
In My view.,
You ll be deduct after tax calculated....
ex:
Ass Val : 10000
Tax : 500
Total : Rs. 10,500
Discount 10% - 1000 (on basic value)
Grand Total is Rs. 9500...
You can give discount for your material value not tax value....
You ll be deduct after tax calculated....
ex:
Ass Val : 10000
Tax : 500
Total : Rs. 10,500
Discount 10% - 1000 (on basic value)
Grand Total is Rs. 9500...
You can give discount for your material value not tax value....
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