GST on Volume Discount

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....ST on Volume Discount<br> Query (Issue) Started By: - ABHILASH PANICKER Dated:- 19-3-2025 Last Reply Date:- 21-3-2025 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Hi, Is Volume discount re....

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....ceived on purchase and sales in the form of credit notes. Does GST Applicable on such transactions. Please advise. Reply By KASTURI SETHI: The Reply: Pl. elaborate your query. Is such discount prio....

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....r known to the buyer?&nbsp; Do you fulfil the conditions of Section 15 (3) of CGST Act ?&nbsp; Reply By Ganeshan Kalyani: The Reply: I agree with Sri Kasturi Sir, you need to explain us whether the ....

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....discount on achieving volume of sale was already decided or determined to be given to your customer. Secondly, volume discount on your purchase lies upon your seller.&nbsp; Reply By Shilpi Jain: The ....

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....Reply: If you have recieved discount by way of credit note there cannot be any further GST liability on value of such CN issued since it is not any income for any services / supplies made.<br> Discus....

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