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rebate and discount
sir my party purchase material from my company after some time he paid amount but he cut discount than how can treat gst because my invoice not cut discount
Replies (1)
value of supply excludes discount allowed after supply only if agreement entered on or before time of supply and input tax credit is not availed or reversed if availed by recipient of supply in relation to discount. if tax invoice is found excessive of taxable value of supply then supplier may issue credit note to recipient
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