Discount other than invoice, Goods and Services Tax - GST

[Yatin Bhopi]

Whether every discount has to be appear on invoice. We have 4 distributors and discount rates are different to each other. We do not want to show this discounts to each other and wish to give it through credit note separately. Can we do so?

Posts / Replies

[KASTURI SETHI]

Yes. You can do so. Discount is allowed after the supply of goods but it must be known before or at the time of supply. There should some contract between the seller and buyer to this effect.

[PAWAN KUMAR]

Yes, but the credit note to specify the relevant invoices against which the supply was made.

[KASTURI SETHI]

I agree with Sh.Pawan Kumar, an expert. Correlation with particulars of invoice is an absolutely must.