Discount given after the supply has been effected, is deducted from the value of taxable supply, if : (i) Such discount is given as per the agreement entered into at/or before the time of such supply (ii) Such discount i
CS Executive · Tax Laws · PYQS · December 2024
Discount given after the supply has been effected, is deducted from the value of taxable supply, if : (i) Such discount is given as per the agreement entered into at/or before the time of such supply (ii) Such discount is linked to the relevant invoices (iii) Proportionate input tax credit is reversed by the recipient of supply
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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