Question ID :
31682
GST on Incentive
Sir, One of our client paying incentive to its customers as a percentage of monthly sales subject to the achievement of required sale volume. Please clarify whether the supplier is required to generate credit note on this transaction or should the receiver can issue a tax invoice in this regard.
Posted by
NITHIN S G
on
Jun 07, 2018
Filed Under
GST
The suppliers cannot issue the Credit note,as it is not a discount.
Posted by
B Manohar Reddy on
Jun 07, 2018
Answer ID :
68752
in my opinion, a credit note should be issued in this regard.
Posted by
CA. SATISH CHAND GARG on
Jun 07, 2018
Answer ID :
68762
It is an incentive but not discount hence no question of issuance of CN by the company. However, customers are liable to discharge GST and should issue tax invoice on company based on which ITC is available to company.
Posted by
C V SURYAM on
Jun 09, 2018
Answer ID :
68767
if it is made through an agreement then it is comes to post discount and credit note can be raised incl taxes.
Posted by
VINAY BHARGAV KUMAR G on
Jun 09, 2018
Answer ID :
69793
IF YOU WANT TO DEAL THIS TRANSACTION IN SIMPLE MANNER THAN ASK CUSTOMER TO RAISE INVOICE SUBJECT TO WHAT HAS BEEN WRITTEN IN AGREEMANT . OTHER WISE GO WITH CREDIT NOTE. FURTHER IN CREDIT NOTE YOU HAVE TO GIVE REFERENCE NO OF EACH BILL OS AGAIN IT WOULD BE NOT PRACTICAL FOR YOU. I HOPE YOU GOT MY POINT
Posted by
Ashish vadodariya on
Jun 19, 2018