Supreme Paradise V/S Assistant Commissioner {HIGH COURT OF MADRAS}

Supreme Paradise V/S Assistant Commissioner {HIGH COURT OF MADRAS} :Date of Order : 10-01-2024simplified explanation and elaboration based on the Madras High Court judgment regarding the GST treatment of discounts in retail sales:GST Treatment of Discounts in Retail SalesBackground: Supreme Paradise, engaged in the retail sale of mobile phones, received discounts from suppliers or manufacturers on the purchase of goods. The issue arose when the tax authority demanded GST on these discounts, treating them as part of the transaction value...

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