TaxTMI 
TaxTMI 
Discount other than invoice
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....iscount other than invoice<br> Query (Issue) Started By: - Yatin Bhopi Dated:- 3-7-2017 Last Reply Date:- 4-7-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Whether every discount has to....
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.... be appear on invoice. We have 4 distributors and discount rates are different to each other. We do not want to show this discounts to each other and wish to give it through credit note separately. Ca....
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....n we do so? Reply By KASTURI SETHI: The Reply: Yes. You can do so. Discount is allowed after the supply of goods but it must be known before or at the time of supply. There should some contract betw....
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....een the seller and buyer to this effect. Reply By PAWAN KUMAR: The Reply: Yes, but the credit note to specify the relevant invoices against which the supply was made. Reply By KASTURI SETHI: The Re....
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....ply: I agree with Sh.Pawan Kumar, an expert. Correlation with particulars of invoice is an absolutely must.<br> Discussion Forum - Knowledge Sharing ....