Web12 Jul 2024 · In common parlance, discount which is given after supply is made is known as post-supply discount. The conditions for deduction of post-supply discount from taxable value of supply are prescribed in section 15 (3) (b) of CGST Act, 2024 which states that (3) The value of the supply shall not include any discount which is given - Web13 Apr 2024 · Trending Now: Get 55% Off + More At USPS With 71 Coupons, Promo Codes, & Deals from Giving Assistant. Save Money With 100% Top Verified Coupons. ... Extra 5% Off Shipping Supplies With Code. Show Code *****010. Get $20 Off The Annual Mailbox Rental Subscription ... By ordering online, you can save a trip to the local post office or get ...
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GST on post purchase Cash discount for early payment of supply …
Webthe supply as is attributable to the discount on the basis of document issued by the supplier. As such, under the proposed GST era, three conditions would need to be fulfilled to avoid the discount being included in the transaction value for GST calculation purposes, viz., • Such post-supply discount should be known at the time WebGet Newsletter & Discount. MyPatriotSupply.com newsletter codes. Used 1,220 times. Last used 1d ago. $100 Off. Competitor Discount Codes: Get Up To $100 Off With These My Patriot Supply Competitor Coupons for Emergency Food (April 2024) See Competitor Codes. 32 competitor promo codes – Last used 25m ago. 43% Off. Web22 Jul 2024 · The GST impact in various scenarios is summarised below: 1. Post-sale discount by seller to dealer (No further obligation/ action required by buyer) The discount is not to be included in the value of supply. However, conditions under Section 15 (3) (b) of the CGST Act should be fulfilled. 2. lauluavain