100% trade discount
This query is : Resolved
22 October 2019
We have recived 100% trade discount on some items purchased . How should i record these item would be recorded as per value shown in bill or zero because on total billing amount, we have recieved 100% trade discount.
As per my knowledge trade discount is not shown in books.
As per my knowledge trade discount is not shown in books.
CA R SEETHARAMAN
(Expert)
22 October 2019
Show it as zero so that stock will be accounted.
22 October 2019
But can we claim the Gst because supplier have created eway bill also and shown Gst amount in that and probably going to pay Gst on that bill also.
CA R SEETHARAMAN
(Expert)
22 October 2019
No, you can't claim they will not pay any GST for 100% discount.
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