And its going to my favorite video. You don't know mem here in gujrat and specially in small district there are lots of rumors and no one want to read circular or act they just blindly follow whats app msgs and then argue with you on that basis. Now its Cristal clear about Taxability of discount thanks a lot mem. Really appreciated.
What a lovely method of explaining the possiblities of when gst is appllicable on post sales discounts and other sales promotions activities..good work
Superb explanation...... Admirable.... Highly insightful deliberation in simple language.... Intensely missing your knowledgeable videos on consultease channel since over a month
Thank you for such a wonderful video, i have query in respect t same subject video, what if one has imported goods and receiving trade discount now on such imports? What wll be the impact under gst
Madam, Thanks for this valuable knowledge. You are requested to make a vedio for telecommunication transanation. Specially for pur. & sale of e recharge.
Ma'am ,when the cement supplier gives discount of rs.20 to the distributor post sale then he will issue credit note to the distributor and distributor issue debit note to the supplier and ultimately the ITC which was previously claimed by the distributor gets reduced, so how the ITC gets accumulated in the books of distributor. Am I right?? Please clarify it Ma'am
Suppose Discount is fixed as price support On particular quantity But the amount keeps varing month to month Shall the manufacturer be able to issue credit note in this case ??
Mam, I have electronics shop, some distibutors send me. Credit note on price drop so am i liable to GST pay on discount but they do not mentioned GST on credit note, Please mam help me..... Please reply me....
Hello Sir, I'm working as an accountant of cement dealer, please help me out credit, Debit notes ki entry kaise karni h books me ???? Kyuki tally pe entry krte h to wo portal me reflect nahi hoti
Good video, still I am confused that if manufacturer give me discount whether it's target based discount or quantity based discount. Kya mujhe ye discount value gstr 1 mein show Karni chaiye ya apni itc mein se kam krni chaiye ya phir itc ko reverse krni chaiye.
Mam humari pharma Company hai hum apne vendors ko unka target poora hone pr gift dete Hain. To kya hum jo gift purchase krte hain uska ITC le skte hain
If a supplier is giving a quantity discount and no promotion activities are being asked to carry out, then in the credit note issued for the discount will have gst impact requiring dealer to reverse the ITC availed earlier??
If an unregistered person supply both goods and services together what is the the threshold uptp which regn is not required, assuming that the supply is not made from special category state?
Madm I have a question mera purchase ambuja se hota h company mujhe portal pe credit note me gst k sath dikha rahi h To us discount ko apne books me entry kase krenge with gst k saath kya ye meri itc bdhayega ya fir kam kar dega
Hi mam Mera ek question please answer dena Maine Apne distributor ko ek scheme di ki agar vo 100000 ki payment krega one month mai to mein usse 3percent ka cn dunga or Maine uska tds bhi katta 5percent under sec194 h because yeh incentive tha kya cn per gst lagaiga or kya yeh incentive payment par scheme daina plz answer or isper tds lagna thik h
Madam I have one question that if I got the post sale discount or cash discount is less form purchase or treat as indirect income because I m dealing in cement
Ma’am Due to the reason of credit note we have higher input than output tax How to manage this? As in you case purchase 150/- per bag of cement and sale 140/-per bag and credit note 20/- So Input is higher than output..??
100 baat ki ek baat ki Discount bhi GST ke Under Lana hai Discount only full fill condition and when I received other Party Get Benefit why other party Give Discount
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Hats off........ Itna deeply koi kaise samjha sakta hai.......... Pure knowledge of GST ⛳
And its going to my favorite video. You don't know mem here in gujrat and specially in small district there are lots of rumors and no one want to read circular or act they just blindly follow whats app msgs and then argue with you on that basis. Now its Cristal clear about Taxability of discount thanks a lot mem.
Really appreciated.
What a lovely method of explaining the possiblities of when gst is appllicable on post sales discounts and other sales promotions activities..good work
Nice explanation.. I totally understand how to treat discount under gst
Superb explanation...... Admirable.... Highly insightful deliberation in simple language.... Intensely missing your knowledgeable videos on consultease channel since over a month
U r inspiration Madam
Thank u so so much madam....very very informative & helpful video
Excellent
Thank you for such a wonderful video, i have query in respect t same subject video, what if one has imported goods and receiving trade discount now on such imports? What wll be the impact under gst
Madam,
Thanks for this valuable knowledge.
You are requested to make a vedio for telecommunication transanation.
Specially for pur. & sale of e recharge.
very nice maam
Ma'am ,when the cement supplier gives discount of rs.20 to the distributor post sale then he will issue credit note to the distributor and distributor issue debit note to the supplier and ultimately the ITC which was previously claimed by the distributor gets reduced, so how the ITC gets accumulated in the books of distributor. Am I right?? Please clarify it Ma'am
Yes,in this condition itc also accumulated.because sale value less than purchase value or equal to purchase value
Sir I want to clarify the same thing, how can i contact with you,
RECIPIENT RECEIVED THE INCENTIVE IN THE FORM OF CREDIT NOTE WHETHER IT WILL BE TAXABLE OR NOT??
From distributor point of view, Discount/Incentive ke liye jo credit note aayegi, will it be with GST or without GST??
Suppose
Discount is fixed as price support
On particular quantity
But the amount keeps varing month to month
Shall the manufacturer be able to issue credit note in this case ??
Mam, I have electronics shop, some distibutors send me. Credit note on price drop so am i liable to GST pay on discount but they do not mentioned GST on credit note,
Please mam help me..... Please reply me....
Thks madam
Madam consignment vale business me kya karege?
So finally in case of cement industry the Rs 20 additional discount shall the credit be reversed or credit accumulation is not a problem
Hello Sir, I'm working as an accountant of cement dealer, please help me out credit, Debit notes ki entry kaise karni h books me ???? Kyuki tally pe entry krte h to wo portal me reflect nahi hoti
How to show credit note given by supplier cash discount for prompt payment in GST filing
madam how some of the consumer goods seller are offering 70% discount on products
But mam, the dealers don't show any agreement type of discount
Good video, still I am confused that if manufacturer give me discount whether it's target based discount or quantity based discount.
Kya mujhe ye discount value gstr 1 mein show Karni chaiye ya apni itc mein se kam krni chaiye ya phir itc ko reverse krni chaiye.
Same Confusion mujhe bhi h, agar aapko clear ho gya ho Mujhe bhi bata dijiye
Mam humari pharma Company hai hum apne vendors ko unka target poora hone pr gift dete Hain. To kya hum jo gift purchase krte hain uska ITC le skte hain
If the total discount 50%, including the GST 18%, then what is the actual discount ? I
If a supplier is giving a quantity discount and no promotion activities are being asked to carry out, then in the credit note issued for the discount will have gst impact requiring dealer to reverse the ITC availed earlier??
Have you got the answer? If yes, please share with me.
If an unregistered person supply both goods and services together what is the the threshold uptp which regn is not required, assuming that the supply is not made from special category state?
Madm I have a question mera purchase ambuja se hota h company mujhe portal pe credit note me gst k sath dikha rahi h
To us discount ko apne books me entry kase krenge with gst k saath kya ye meri itc bdhayega ya fir kam kar dega
Hi mam Mera ek question please answer dena Maine Apne distributor ko ek scheme di ki agar vo 100000 ki payment krega one month mai to mein usse 3percent ka cn dunga or Maine uska tds bhi katta 5percent under sec194 h because yeh incentive tha kya cn per gst lagaiga or kya yeh incentive payment par scheme daina plz answer or isper tds lagna thik h
Maidam
My client give free sample like sale 50 bag with cast and 5 bag free please explain it discount ya mixed supply
Madam I have one question that if I got the post sale discount or cash discount is less form purchase or treat as indirect income because I m dealing in cement
Ma’am
Due to the reason of credit note we have higher input than output tax
How to manage this?
As in you case purchase 150/- per bag of cement and sale 140/-per bag and credit note 20/-
So Input is higher than output..??
That's wat I said....ITC will accumulate
No need to pay tax life long?
@@ConsultEase shall we not reduce the input tax for the amount of credit note?
Nice explanation Madam
Discount ka defination kya hai agar certain condition full fill then I get Discount
madam your giving simple understanding but i am unable to follow.
Fine
Mera ek question hai.... ITR EK 1 MONTH KA EXTRA JO TIME MILA HAI..... TO USPE INTEREST PAY KARNA HOGA YA ESE LATE FILE MANA JAYEGA
Interest lagega late fee nahi lagegi
Mam income tax audit ki date extend hogi kya
Nai
As per ITR-2 EXEMPT INCOME EI CLAUSE-5
WHAT IS INCOME NOT CHARGE TO TAX AS PER DTAA..
Good explanation
Madam nill return late fees completely waived kob hoga...bohot porisan hu... is modi govt lake....
Madam thanks for deply explain
तो क्या सीमेंट के डीलर/डिस्ट्रीब्यूटर को कभी टैक्स लाइबिलिटी नही आएगी? वो तो हमेशा ही पूरा टेक्स ITC ,set-off karenge. Plzz Reply Maam
Ji
Thank you Ma'am
Par rs. 20 jo milenge in the form of discount, and uski jo credit note banegi us par to itc reverse karke gst pay karna padega na?
Thanks for update ma'am
is it sponsor video?
good
Nice
Wow nice
thanks
Its very contrvacy our govt make all law very difficult it isadvise make simple which normal person can understand
Exellent.
100 baat ki ek baat ki Discount bhi GST ke Under Lana hai Discount only full fill condition and when I received other Party Get Benefit why other party Give Discount
👍
why can't you speak in English?
Hi
too much lenghty
Love women
Law maker Kudh ke faide ke liye banaya Jab ki Public interest mai hona chahiye
Nice