Trade discount can be deducted from taxable amount but not cash discount, this is a general followed principal. Keeping this in mind, you cannot deduct cash discount from taxable value for entry tax.
Entry tax should be paid on overall invoice value.
Posted 1 year, 8 months ago by CA Pulkit Sharma
Hello sir, I am running plastic business with TIN number from last 6years and paying taxes, but my competitors selling their product without any tin number, so I am in big loss from last 2year. Kindly suggest some ideas.
Posted 1 year, 8 months ago by Pavan Karanji
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