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Discount/Incentive Received by Supplier

This query is : Resolved 
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(Querist)
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 .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 November 2023 It's less purchase cost.
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Khushal Rawat

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Khushal Rawat (Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 November 2023 In such a case account it as other income.
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