My client is a motorcycle dealer. They received target incentive credit note from manufacturer. Whether client is liable for output tax on this?

Asked on December 17, 2018 in Miscellaneous.
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1 Answer(s)

If the credit note is in form of quantity discount or discount which is established in terms of agreement then it will not form value of supply and is not liable for tax.

Answered on December 17, 2018.
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Gen GST