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An Automobile Dealer got the TOD (Turnover Discount) as year end or half yearly on timely payment to vendors or on achieving target sales. this discount we can not relate to invoice or it was not defined at the start of the year. What is the GST Implication.

An Automobile Dealer got the TOD (Turnover Discount) as year end or half yearly on timely payment to vendors or on achieving target sales. this discount we can not relate to invoice or it was not defined at the start of the year. What is the GST Implication.

Reply— As the term 'turnover discount' stated in the query is not related with invoices and was not defined at the time of suppply, the above transaction will not have any implication of GST. 

Posted Date: Apr 06, 2019
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