Post sale discount under GST
Sunny Verma (Chartered Accountant) (73 Points)
22 December 2022Sunny Verma (Chartered Accountant) (73 Points)
22 December 2022
Mitali
(Finance Professional)
(15982 Points)
Replied 22 December 2022
If the discount is considered a price adjustment, it may not be taxable. For example, if the seller and buyer agreed on a lower price for the goods or services due to a defect or other issue with the product, the discount may not be considered taxable income for the seller.