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DISCOUNT INVOICE

31 March 2019

sale invoice me jo discount customer ko diya jata h us pr koi tax to nhi lagta ??

exp: invoice amount Rs. 100, Discount Rs.40/-

Total Rs.60/-
output gst Rs.10.8

net Total Rs 70.8/-

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6 Replies

prasad Nilugal (3914 Points)
Replied 31 March 2019

yes correct , value of supply shall. not. include any discount .

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avng infra (108 Points)
Replied 31 March 2019

mean discount amount Rs 40/- pr gst nhi lgega??

prasad Nilugal (3914 Points)
Replied 31 March 2019

Only Before or at time of supply if such discount has been duly recorded in the Invoice issued in respect of such supply .

pritesh (CA Final student) (7101 Points)
Replied 31 March 2019

Yes no need pay gst on discount

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 01 April 2019

Haan ji As per Section 15, agar app discount Invoice per Show karte ho toh ush per GST nahi lagega

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CA Sibodh Bogi (GST Consultant) (43 Points)
Replied 01 April 2019

If the discount is pre determined & shown in invoice then GST would not be applicable on discount portion.

As per section 15(1) the value of goods or supply shall be the transaction value which is the " Price actually paid or payable" will constitute Consideration for the purpose of GST.