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Discount during sale

This query is : Resolved 
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(Querist)
29 August 2008 How Discount will be treated for the purpose of transaction value calculation.... any one can explain me the same??
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
29 August 2008 when discout is given on sales then sales value is reduced & net value is your sales value
sales 103
discount 3
net sales 100
vat@4% 4
total sales 104
if you are given discout after sales value then your sales is icreasec & vat also increased & discount is goes to p& l a/c
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