Do we need to pay GST on a discount in GST? What is the position of post-sales discounts? Recently CBIC withdraws their circular no. 105/2019 which was released earlier this year. This circular was about the discounts in GST. It extended the limit of supply to include some discounts into it. Now withdrawal of that circular has removed the hardship. Nonetheless, it is still important to understand when the discount will partake the character of supply in GST. These provisions have deep impact on Pharma and FMCG industry. Various schemes and quantity discounts may result in reverse supply instead of a discount. Although even in that case the ultimate tax collection of government will be the same. Watch this video for...
Treatment of Discounts under GST
Promotions and post-sales discounts under GST
Analysis of Discounts in GST
Calculation of GST on Discounts and Promotions
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