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Incentive received by a distributor
Is incentive received by a distributor on completing targets is taxable under GST?
Replies (2)
Any scheme or discount given After supply is allowed only :
It is mentioned in the agreement entered into before sale AND
input tax credit proportionate to the discount has been reversed by the recipient of the supply AND
It can be clearly tracked to relevant tax invoice
It is mentioned in the agreement entered into before sale AND
input tax credit proportionate to the discount has been reversed by the recipient of the supply AND
It can be clearly tracked to relevant tax invoice
Whether is it mandatory for Purchaser to reverse the ITC ?
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