https://www.taxtmi.com/forum/issue?id=120456 A supplier credit note trade discount shown in AIS as a business receipt under 194R should not be added to gross turnover/gross receipts for presumptive taxation; declare actual GST turnover net of discounts, claim the TDS credit in Schedule TDS, reconcile AIS by submitting feedback that the entry is a trade discount, and retain credit notes, invoices and ledger evidence. If the entry represents non-price incentives or freebies, its taxability must be separately examined. en-us Sat, 13 Sep 2025 18:50:03 +0530 Mon, 15 Dec 2025 10:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120456 A supplier credit note trade discount shown in AIS as a business receipt under 194R should not be added to gross turnover/gross receipts for presumptive taxation; declare actual GST turnover net of discounts, claim the TDS credit in Schedule TDS, reconcile AIS by submitting feedback that the entry is a trade discount, and retain credit notes, invoices and ledger evidence. If the entry represents non-price incentives or freebies, its taxability must be separately examined. Discussion-Forum Income Tax Sat, 13 Sep 2025 18:50:03 +0530 https://www.taxtmi.com/forum/issue?id=120456