Input Credit on Sales discount

ITC / Input 145 views 2 replies
A pharmacy made a sales of Rs.100,000 in a month and given 10% discount to its customers. How to claim ITC on discount given?
Replies (2)

As per  section 15 sub section 3 (a) The value of supply shall not include any discount which is given before or at the time of the supply . So taxable value will be only after discount . 

Dear Querist,

kindly make your query is as simpler as possible to understand more particularly.
it is better to explain with example inorder to solve your query.

Thanks
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