discount after supply
Sumit Chaudhary (120 Points)
07 April 2018
how to treat discount in case of company scheme under GST how to maintain it under GST?
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 April 2018
You can deal 2 ways for the Discount....
i) Discount will be give basic Prize then no need to avail ITC benefits for the purchase...
ii) If you want avail the ITC benefits then charge GST for the Full value of supply. After charging GST then you can give discount on basic value..
i) Discount will be give basic Prize then no need to avail ITC benefits for the purchase...
ii) If you want avail the ITC benefits then charge GST for the Full value of supply. After charging GST then you can give discount on basic value..
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 08 April 2018
Treat as as the company does, if they are giving u discount cnt with GST , then pass entry accordingly by reversing input, & if they giving u a CNT without GST then book it in income
Sumit Chaudhary
(120 Points)
Replied 08 April 2018
if I issued a DN against discount scheme on monthly basis to our customers then how to consider original invoice to show in GSTR1 against DN
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