Treatment of discount/ free gift/ samples in GST|How to show discount in GST Return| ITC on discount

Watch this video (GST in hindi) for:

This videos helps you to understand that there are several promotional schemes which are offered by the taxable persons to increase sales volume and to attract new customers for their products.

Some of these schemes have been examined and clarification on the aspects of taxability, valuation, availability or otherwise of Input Tax Credit in the hands of the supplier (hereinafter referred to as the “ITC”) in relation to the said schemes are detailed hereunder:

1. Free samples & gifts
2. Buy one get on free offer
3. Discounts including 'Buy more save more' offers
4. Secondary discounts

**Disclaimer**

1. This video is for creating awareness about the newly introduced tax reform GST.

2. Here Tax without tears (TWT) team does not intend to advertise/solicit clients & doesn’t take responsibility for any decisions taken on the basis of this video.

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[uniindia]

सुप्रभात मैम आपका दिन मंगलमय हो आपके समझाने का तरीका बहुत ही शानदार है आप बहुत सरल शब्दों में इसको प्रस्तुत करते हैं अपने श्रोताओं को आशा करता हूं आप इसी कदर हम लोगों तक अपने ज्ञान को सूक्ष्म सरल तरीके से पहुंचाते रहेंगे आपके समझाने का तरीका बहुत ही गजब का है और शैली भी बहुत ही मनमोहक है यही तो वह कला है आपकी समझाने की शैली में जो हर किसी को सब्सक्राइब करने के लिए मजबूर कर देती है इसी तरह से आपके यूट्यूब श्रोताओं की संख्या दिन बा दिन बढ़ती रहे होली की अग्रिम शुभकामनाएं आपको

[minalSathe-gm]

mam.u explain in very nice and poised manner.can u pls make video on.accounting of discount under gst that credit note, debit note.in books of both buyer and seller.for better clarity

[raajrakhvani]

Thank you so much. you clarify gst act treatment about discount. so many viewer gets a great knowledge.

[gstfilingcentre]

Thank you madam, if customer not paid full consideration against the invoice, now the credit not can be issued for the same invoice for full consideration?

[bijenderapal]

Respected mam,
Some itc detail are showing in gstr2a but they are not showing itc details in comparison table of financial year 2017-18 please suggest me fast what I have to do.

[vikramporwal]

What is Accounting effect Discount ko debit Karna he ya sales ko?

[mutantgaming]

Mam Business usages k purpose kharidi gyi furniture ya other thing pe input kaise claim krenge aur western union ya vakrangi kendra ka gst return kaise jayga...

[visible_vision]

Maam
Plz clarify me that...

Receipient sold goods to final consumer on discount or scheme which is specified by supplier further supplier reimbursed that discount thru credit note charging gst to the receipient in that case how the receipient should comply..

[sachinrana]

What about discount impact if we provide discount to foreign buyer .where we export with LUT .what impact in refund claim..whether we considered zero rated sale after reduction of discount or not .

[gauravjoshi]

"Mam mene gstr 3b july 2017 ka nil file kiya tha But gstr 1 M data show kr diya tha and tax bhi with due date m deposit karva diya tha but liability abhi tk adjust nhi ki july 2017 Ki pls solution provided march 2019 Vali 3b m yaa fir gstr 9 M ho jayega pls solution?"

[ranganathvenkatachalapathy]

Mam, is Ewaybill neccesary to unload the goods in branch while they were in Transit to headoffice on the way, please clear my dought

[arush]

After 4 month seller has issued Credit notes against Bulk invoices then which Original invoice's number shall be shown in CREDIT NOTE FOR
GST RETURN ?

[inderdeepsarora]

Ma'am mai Pharma se ho agar 10+2 ki deal h toh taxable value 10 se calculate hogi ya 12 qty se calculate hogi Pls suggest kre

[swaroopds]

GST on promotional material, for marketing and business publicity purpose. ?

[kaushikroy]

Mam agr koi free sample import karte he to uske upr igst dete he custom duty k upr wo itc ka hum le sekte he plz mam plz ans...

[devabhakticreations]

Mam kya advocates tax walo ka kuch Ho skta h

[royalinsan]

Mam GSTR9 m point 9 m tax payable m kon kon si tax liab include honge
ie kya usme point 8D, 10, 11, 15, 16 include honge ya nhi
Thanks in advance

[pramodgupta]

Ma'm if we import some goods from China as a sample & we paid custom duty & IGST at time of clearance of goods from airport, Can we take IGST CREDIT & what about supplier's payment can we write off this payment

[sujalmehta]

agar koi suppler credit note race karta hai but ushme gst reverse nahi karta hai to ? only net ammount ka c.n aata hai

[Hardware-mr]

Mam mei science stream se h... Bt mujhe taxation sikhna h.... Kuchh intern krwa skte h