Discount entry
This query is : Resolved
26 July 2019
DEAR SIR IF WE MADE PAYMENT AGAINST GST INVOICE TO ANY PARTY AND IF THERE IS A LESS PAYMENT CAN WE ADJUST THE SAME AGAINST DISCOUNT RECEIVED. BILLS AMOUNT WAS RS 11700/- WE PAID ONLY RS 11,000/-
26 July 2019
YOU CAN ISSUE DEBIT NOTE AND REVERSE THE ITC ON DEBIT NOTE.
27 July 2019
YOU CAN TRF THE AMOUNT IN SUNDRY BALANCE W/OFF LEDGER
27 July 2019
MR. GOKUL SHARMA
KINDLY SEE THAT GST INVOICE ISSUE
AND PARTY PAY GST , IF HE ISSUE CREDIT NOTE THEN I MUST REVERSE THE ITC.
KINDLY SEE THAT GST INVOICE ISSUE
AND PARTY PAY GST , IF HE ISSUE CREDIT NOTE THEN I MUST REVERSE THE ITC.
28 July 2019
but sir this is settlement of bills the receiving party is agreeing for 11000. it can be in form of cash discount
29 July 2019
AS PER YOUR THINKING CASH DISCOUNT IS NOT EFFECT THE INVOICE AND DIRECT W/OFF...
SORRY TO SAY YOU
AS PER LAW YOU MUST ISSUE DEBIT NOTE AND THEN SETTLE IT....OTHERWISE YOU CAN DO ANY THING ....
AS YOU LIKE YOU CAN FOLLOW...
SORRY TO SAY YOU
AS PER LAW YOU MUST ISSUE DEBIT NOTE AND THEN SETTLE IT....OTHERWISE YOU CAN DO ANY THING ....
AS YOU LIKE YOU CAN FOLLOW...
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