Discount entry

This query is : Resolved

Nand Kishor Paliwal (Querist)
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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/-

CMA ALKESH PATEL

CMA ALKESH PATEL (Expert)
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26 July 2019 YOU CAN ISSUE DEBIT NOTE AND REVERSE THE ITC ON DEBIT NOTE.

Gokul Sharma

Gokul Sharma (Expert)
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27 July 2019 YOU CAN TRF THE AMOUNT IN SUNDRY BALANCE W/OFF LEDGER

CMA ALKESH PATEL

CMA ALKESH PATEL (Expert)
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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.

Gokul Sharma

Gokul Sharma (Expert)
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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

CMA ALKESH PATEL

CMA ALKESH PATEL (Expert)
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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...

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