discounts in gst

[giri gattupalli]

respected sir

whether turnover discounts and cash discouts can be issued to aretailer by whole saler with out effecting gst or not pleases discuss

thanking you

AI Summary

GST on discounts: charge tax on full transaction value; post-sale discounts treated as seller's expense, do not reduce taxable value.
Tax must be computed on the full transactional (assessable) value; discounts given thereafter are treated as borne by the supplier and do not reduce the taxable base. A problem arises only if the supplier reduces the taxable value at the time of charging tax by factoring in the discount. Charging GST on a credit note is optional.