GST on discount
kiran (accountant) (430 Points)
18 October 2020120000 due on 10 Oct 20 but paid to supplier 28 August 20.
supplier agree to deduct Discount earlier payment 2% on total payment
can GST charge on this discount ?
kiran (accountant) (430 Points)
18 October 2020
Ajay Kumar
(Account Supervisor)
(129 Points)
Replied 18 October 2020
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)