GST on discount given by the manufacturer to distributor for supplies made to the customers

GST on discount given by the manufacturer to distributor for supplies made to the customers https://www.taxtmi.com/article/detailed?id=8992 Transaction value governs valuation of the distributor's sale: where distributor and customer are unrelated and price is the sole consideration, taxable value is the amount paid by the customer. Manufacturer reimbursements intended to be passed to the customer arise from the upstream manufacturer-distributor transaction and do not form part of the distributor's price for the downstream supply; such third party discounts are not automatically added to the distributor's taxable value unless properly characterised as a subsidy requiring inclusion. en-us Thu, 12 Mar 2020 07:07:31 +0530 Thu, 12 Mar 2020 07:07:31 +0530 TaxTMI RSS Generator GST on discount given by the manufacturer to distributor for supplies made to the customers https://www.taxtmi.com/article/detailed?id=8992 Transaction value governs valuation of the distributor's sale: where distributor and customer are unrelated and price is the sole consideration, taxable value is the amount paid by the customer. Manufacturer reimbursements intended to be passed to the customer arise from the upstream manufacturer-distributor transaction and do not form part of the distributor's price for the downstream supply; such third party discounts are not automatically added to the distributor's taxable value unless properly characterised as a subsidy requiring inclusion. Articles Goods and Services Tax - GST Thu, 12 Mar 2020 07:07:31 +0530 https://www.taxtmi.com/article/detailed?id=8992