Question

do we cancel out cash discount Allowed in sales return with gst?? please explain with example​

Answer 1

Answer:

Discounts given before or at the time of sale. Discounts that are given before or at the time of sale can be deducted from transaction value at the time of sale; no GST will be levied on the same. However, such discounts shall be mentioned on the tax invoice.

Explanation:

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