Question

In GST we get discount ?​

Answer 1

Answer:

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Explanation:

Discount, if mentioned on the face of the invoice, can be reduced from the taxable value of the supply of goods. ... There will be no differentiation in GST between trade and cash discounts. In fact, GST segregates the discounts allowed into two categories: Those given before or at the time of supply, and.

Answer 2

Explanation:

Discount, if mentioned on the face of the invoice, can be reduced from the taxable value of the supply of goods. ... There will be no differentiation in GST between trade and cash discounts. In fact, GST segregates the discounts allowed into two categories: Excise – Discounts given on/before time of sale are allowed

VAT – Different treatment in different States

Service tax – Allowed

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