Discount

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77 Points Joined 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
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On 28 July 2017 at 20:04 Report
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CA Practice
14 Points Joined March 2007
yes you can
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On 28 July 2017 at 20:09
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21 Points Joined July 2017
yes gst is aaplicable after deducting discount
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On 28 July 2017 at 20:18
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1518 Points Joined March 2017
GST is charged on transaction value i. e value - discount = net value
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On 28 July 2017 at 20:19
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Proprietor
4869 Points Joined January 2010
yes u can deduct it before charging gst.
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On 28 July 2017 at 21:48
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77 Points Joined 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
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On 28 July 2017 at 23:20
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77 Points Joined 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
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On 28 July 2017 at 23:23
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77 Points Joined 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
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On 28 July 2017 at 23:23
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22 Points Joined July 2013
yes , you may follow it
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On 28 July 2017 at 23:43
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
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....
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On 29 July 2017 at 00:02


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