TaxTMI 
TaxTMI 
cash discount whether gst applicable
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....ash discount whether gst applicable<br> Query (Issue) Started By: - satbir singhwahi Dated:- 9-9-2017 Last Reply Date:- 11-9-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Sir On realis....
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....ation of sales, cash discount is given to customers. Whether GST is applicable on discount as expence. Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Section 15 (2) of CGST Act, 201....
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....7 " The value of the supply shall not include any discount which is given-- (a) before or at the time of the supply if such discount has been duly recorded in the invoice issued in respect of ....
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....such supply; and (b) after the supply has been effected, if- (i) such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to ....
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....relevant invoices; and (ii) input tax credit as is attributable to the discount on the basis of document issued by the supplier has been reversed by the recipient of the supply. Reply By satbir sin....
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....ghwahi: The Reply: Sir Thanks for Reply But please clarify , when we book discount as expence in books , whether gst on reverse charge u/s 9(4) will be applicable. Reply By KASTURI SETHI: The Repl....
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....y: Not applicable. Reply By satbir singhwahi: The Reply: Thks Sir Reply By MARIAPPAN GOVINDARAJAN: The Reply: If discount is treated as expenditure, in my view it will attract GST. The views of t....
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