Made a purchase on may 2017 Rs 1000 @ 5% gst & paid the amount on august with a cash discount of 5%? Do i have to pay gst for cash discount in the month of august ?
2 Replies
rahul sharma
(student)
(41 Points)
Replied 21 July 2018
GST was implemented on July 2017 then how you purchased goods on may @ 5% GST
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 21 July 2018
I think Mr. anandhu has mistype the 2017 instead of 2018 So, As per section 15 CGST
Have to pay/charge GST if post-supply discount is established as per the agreement and is known at or before the time of supply and specifically linked to relevant invoice
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