we have paid amount to supplier before due date.
120000 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 ?
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GST on discount
Replies (2)
If this discount is showing on bill then automatically it will reduce the gst input taken by you on purchase.
it not no gst apply. as wherever supplier charged on bill he will deposit to the government and you will get full credit.
it not no gst apply. as wherever supplier charged on bill he will deposit to the government and you will get full credit.
No discount show on bill
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