TaxTMI 
TaxTMI 
Accumulation of itc
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....ccumulation of itc<br> Query (Issue) Started By: - HEMANTHREDDY ONTEDDU Dated:- 29-12-2017 Last Reply Date:- 7-1-2018 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>A buys cement for RS 100. ....
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....Gets at cash discount of 10 if he pays in 5 days and some other unannounced discounts. A sold the at ₹ 80 A got cash discount. And also got some other unannounced discounts of RS 20. Can A get t....
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....he gst refund for unannounced discounts. Reply By KASTURI SETHI: The Reply: Discount is allowed from transaction value i.e. prior to payment of GST. It must be known prior to supply of goods or ser....
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....vices. So situation of refund will not arise. Reply By Ganeshan Kalyani: The Reply: I agree with the opinion of Sri Kasturi Sir. Discount on the face of the invoice and the one which is know before ....
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....entering into the transaction and that should be supported by agreement with discount clause in it. Reply By subramanian vijayakumar: The Reply: Yes I endorse Sethy sir views<br> Discussion Forum - ....
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....Knowledge Sharing ....