Kwality Mobikes (P) Ltd ., In re
Date: September 24, 2019
Subject Matter
Volume Discount received on purchases in the form of credit note without any adjustment of GST is not liable to GST
Summary
a) Whether the volume discount received on purchases is liable for GST? If yes, under which HSN/SAC? The Volume Discount received on purchases in the form of credit note without any adjustment of GST is not liable for GST. b) Whether volume discount…
1. M/s Kwality Mobikes Private Limited, (called as the ‘Applicant’ hereinafter), having GSTIN number 29AAGCK4555K2Z0, has filed an application for Advance Ruling under Section 97 of the CGST Act, 2017 and Section 97 of the KGST Act, 2017, in FORM GST ARA-01 discharging the fee of Rs.5,000-00 each under the CGST Act and the KGST Act. 2. The Applicant is a private limited company and is…