Gst applicable on discount received

12 August 2023

sir
gst applicable on discount received/ credited by company to distributor through credit note

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6 Replies

sabyasachi mukherjee (27129 Points)
Replied 12 August 2023

Gst applicable on discount received credited by company to distributir through credit note.

RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 12 August 2023

No, GST not applicable.

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 13 August 2023

Supplier in such case can issue credit note with GST amount and dealer is required to reverse said Input tax credit

RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 14 August 2023

GST not applicable for the said credit note for discount. it's will be treat as financial credit and GST not applicable...

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D G MOHAN (PARTNER) (171 Points)
Replied 15 August 2023

Supplier directly transfers discount amount to our ledger account without any credit note. Whether GST payable on it.

RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 16 August 2023

No.... ....

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