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?
\nQ2- Can we reverse the output tax liability when issuing credit note?
\nReply By KASTURI SETHI:
\nThe Reply:
\nNot required as discount is allowed from transaction value subject to conditions laid down in Sectio<\/p>\n
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