GST impact on Discounts

[Rajendra Prasad]

Discount Received in credit side of the P&L a/c, How to shown in GSTR-9 & 9C ? is there any effect on un reconciled Revenue in GSTR-9C for these discounts received??

[Atul Rathod]

To extent of my knowledge, no such specific row is provided for this

AI Summary

GST treatment of discounts affects annual return reporting and reconciliation, requiring careful placement and disclosure. The issue concerns the GST treatment of discounts recorded on the credit side of profit and loss accounts and their reporting in annual return and audit reconciliation forms; practitioner guidance indicates no dedicated reporting row exists for discounts in the standard annual return and reconciliation formats, requiring taxpayers to decide appropriate placement and disclosure and to address any reconciliation variances between books and filed returns.