Discount/Incentive Received by Supplier
This query is : Resolved
31 October 2023
Dear Sir,
When buyer received discount/incentive from supplier at the time of payment. Supplier less above amount in buyer's ledger. Which is right way to adjust above income in buyer's book -1. Less Purchase cost, 2. Add other income in profit & loss a/c .
When buyer received discount/incentive from supplier at the time of payment. Supplier less above amount in buyer's ledger. Which is right way to adjust above income in buyer's book -1. Less Purchase cost, 2. Add other income in profit & loss a/c .
01 November 2023
It's less purchase cost.
01 November 2023
But Sir, When supplier issued credit note of less amount, No any tax invoice issue to buyer . In this case Purchase figure, GSTR-2A and in our Books will different
01 November 2023
In such a case account it as other income.
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