Dear Experts
We are received discount on our purchase, in this case some vendors not charged GST in Discount Note..
We have to reverse GST ITC on purchase discount or not?
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GST Effects on Purchase Discount
Replies (5)
if vendor charge gst after discount then it's not as per rule. you just follow the bill of the vendor. but when you bill someone first charge output gst and then provide trade discount
It depend on your terms with vendor , but discount if shown in bill should be after gst.
so , as to me do what ur vendor does
so , as to me do what ur vendor does
we are registered dealer, if we purchase teak wood from gudur from unregistered person (i.e. land lord). by using e-way bill. can we take igst or not.
we are registered dealer, if we purchase teak wood from gudur from unregistered person (i.e. land lord). by using e-way bill. can we take igst or not.
Mr. radhakrisnan. you don't need to pay any reverse cgst, sgst,igst or utgst because reverse chgs u/s 9(4) is stopped till 30-6-18.
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