What Is Discount Under Gst

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GST Implications on Coupons, vouchers & other related Instruments

It is a common practice that coupons purchased by the employer from the issuer company is of certain less price as stipulated on the said voucher i.e. voucher worth INR 500 is being sold at INR 400 to the employer. The above scenario will be taxed the same as taxed in Scenario 1 discussed above and the taxable … See more

https://taxguru.in/goods-and-service-tax/gst-implications-coupons-vouchers-related-instruments.html


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Treatment of Discount under GST - What is Taxable Value? - Tax2win

It is quite a common practice now a day that company is offering to their consumers a shopping vouchers at a price less than the amount of benefits arising … See more

https://tax2win.in/guide/treatment-discounts-gst


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TaxTips.ca - GST/HST treatment of coupons, manufacturers' …

Another common practice is that the companies have come into an arrangement of buying a pre-printed meal vouchers which are given a specific nomenclature, … See more

https://www.taxtips.ca/gst/coupons.htm


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Circular No. 92/11/2019-GST F. No. 20/16/04/2018-GST …

Vouchers to be provided to employees by employer shall stand out of the preview of GST since the same do not qualifies to be a supply in terms of Entry 1 of … See more

https://cbic-gst.gov.in/pdf/circular-cgst-92.pdf


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Valuation of Supply under GST Part II- What happens when you …

When such vouchers are being redeemed by the employees, the said coupons are duly verified and consideration in terms of the amount written on the said … See more

https://cleartax.in/s/valuation-supply-gst-discount


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WEBMay 27, 2024 · Similarly, the transaction value / taxable value or the value of a supply does not include a few items, and a Discount on goods/services is one major part. Under …


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WEBNet charge to customer. $7.91. Gift Certificates. When gift certificates are used to pay for part of a taxable purchase, the GST or HST is calculated based on the price of the. item, …


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WEBC. Discounts including ‘Buy more, save more’ offers: i. Sometimes, the supplier offers staggered discount to his customers (increase in discount rate with increase in …


0.5%
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WEBFeb 17, 2017 · Add: CGST @9%. 370. Add: SGST @9%. 370. Total. 4,850. Discount of 0.5% is not deducted in the invoice because it will be given at the time of payment. …


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