Tag Archives: Discounts

Treatment of Discounts under GST

By | March 14, 2017

Query: What would be treatment of supply discount in calculation of Transaction Value under GST Law? Answer: According to Section 15 (3) – Value of taxable supply  of Revised Model GST Law [ Nov 2016]  – Discounts can be classified into two parts Discounts given before Supply – Discounts given before or at the time of the supply shall not… Read More »