It is discount Received from Supplier and should be credited in profit and loss account. Trade discount should be deducted from gross turnover for arriving net turnover under GST
Discounts given before or at the time of sale. Discounts that are given before or at the time of sale can be deducted from transaction value at the time of sale; no GST will be levied on the same. However, such discounts shall be mentioned on the tax invoice.
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