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Even so, Should the invoice is paid out following the time of sale, the tax should be calculated on the total Bill ahead of the deduction for the cash discounted.
Having said that, they need to supply you with the total disclosure of the personal loan on submission. It really is then your duty to browse through this before agreeing.
The Commissioner has recently ruled that a customer need to go ahead and take discounted at the time of sale and never subsequent to enough time of sale as a way to exclude the cash discount from your taxable revenue value.
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