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Discount

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(Querist)
18 November 2017 what will be the treatment of discount received given by the company.? one of my client is receiving cash discount from its creditor thereby issuing the credit note of the same and journal entry is passed as debiting creditor account and crediting discount received account. How will I show such credit notes in Gstr 3B ?? please answer .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 November 2017 Such credit note need not be shown in gstr-3b as GST effect will not be there for cash discount.
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David Rana

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David Rana (Querist)
18 November 2017 but sir credit note also involve gst on amount of bill... Should I not consider such discount or this gst amount should be shown as ineligible credit? please reply
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 November 2017 You should not consider such discount in gstr.
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RAJA P M

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RAJA P M (Expert)
18 November 2017 It's cash discount then no need GST involve the Credit Note... If the dealer deduct with GST consider to the dealer..
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