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??

AI Summary

Clarification on GST Filings: Discounts on Credit Side of Profit and Loss Account Not Specifically Addressed in GSTR-9 or GSTR-9C. A query was raised regarding the treatment of discounts received on the credit side of the Profit and Loss account in the context of Goods and Services Tax (GST) filings, specifically in GSTR-9 and GSTR-9C forms. The concern was whether these discounts impact unreconciled revenue in GSTR-9C. In response, it was noted that, to the best of the respondent's knowledge, there is no specific provision or row designated for such discounts in the current GST forms.