December 2, 2019
Under GST, valuation of taxable supply is a critical aspect. While value of supply under GST has various points need to be considered and one such area is GST discounts and its treatment.A lot of confusion among businesses and CA’s regarding treatment of various GST on discounts received by a business.With regard to this, a
July 6, 2019
Discount under GST is of the crushal part of GST system. It directly impact on the liability of GST and ITC.It is very usual and often that Supplier offers various kind of discounts to its Customer/dealer/retailer (referred as “dealer”), in order to incentives Sales, to offset for advertisement expense uncorrected, for reduction of sale price