Can we reverse the out put tax liability when issuing cash discount?
Query (Issue) Started By: – RameshBabu Kari Dated:- 29-8-2017 Last Reply Date:- 29-8-2017 Goods and Services Tax – GST
Got 3 Replies
GST
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 discount is allowed from transaction value subject to conditions laid down in Sectio
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =