Discount other than invoice

[Yatin Bhopi]

Whether every discount has to be appear on invoice. We have 4 distributors and discount rates are different to each other. We do not want to show this discounts to each other and wish to give it through credit note separately. Can we do so?

AI Summary

Discounts in GST can be issued via credit notes if known before supply and documented in contracts. A query was raised regarding whether discounts must appear on invoices under the Goods and Services Tax (GST) framework, especially when different discounts are given to four distributors. The consensus from the replies was that discounts can be issued through credit notes instead of appearing on invoices. However, it is essential that these discounts are known at or before the time of supply and are documented in a contract between the seller and buyer. Credit notes must correlate with the specific invoices related to the supply.