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gst applicable on discount received/ credited by company to distributor through credit note
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Gst applicable on discount received
Replies (6)
Gst applicable on discount received credited by company to distributir through credit note.
No, GST not applicable.
Supplier in such case can issue credit note with GST amount and dealer is required to reverse said Input tax credit
GST not applicable for the said credit note for discount. it's will be treat as financial credit and GST not applicable...
Supplier directly transfers discount amount to our ledger account without any credit note. Whether GST payable on it.
No.... ....
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