Can we reverse the out put tax liability when issuing cash discount?

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..... Q1- Can we reverse the out put tax liability when issuing cash discount? Q2- Can we reverse the output tax liability when issuing credit note? - Reply By KASTURI SETHI - The Reply = Not required as .....

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..... discount is allowed from transaction value subject to conditions laid down in Section 15 of CGST Act. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Please refer to Section 34 of .....

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..... CGST ACT, 2017 and rule 53 of CGST rules, 2017. - Reply By Himansu Sekhar - The Reply = If you issue the credit note, the liability will be reduced only if the receiver reverses the proportion .....

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..... ate credit. Discounts before sale I.e when it is known before supply will not be subject to gst. Kasturi sir and ranganathan sir given the correct view. - Can we reverse the out put tax liability whe .....

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..... n issuing cash discount? - Query Started By: - RameshBabu Kari Dated:- 29-8-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, p .....

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..... ersonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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