Accumulation of itc

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..... A buys cement for RS 100. Gets at cash discount of 10 if he pays in 5 days and some other unannounced discounts. A sold the at ₹ 80 A got cash discount. And also got some other unannounced disco .....

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..... unts of RS 20. Can A get the gst refund for unannounced discounts. - Reply By KASTURI SETHI - The Reply = Discount is allowed from transaction value i.e. prior to payment of GST. It must be known .....

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..... prior to supply of goods or services. So situation of refund will not arise. - Reply By Ganeshan Kalyani - The Reply = I agree with the opinion of Sri Kasturi Sir. Discount on the face of the invoi .....

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..... ce and the one which is know before entering into the transaction and that should be supported by agreement with discount clause in it. - Reply By subramanian vijayakumar - The Reply = Yes I endorse .....

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..... Sethy sir views - Accumulation of itc - Query Started By: - HEMANTHREDDY ONTEDDU Dated:- 29-12-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply .....

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..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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