Discount on invoice

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ANIMESH PANDEY (Querist)
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16 February 2018 Dear Sir,
We are biscuit manufacturer . We to survive in a market give free . For example , 1 Cartoon Biscuit free with every 15 cartoon.Rate of 1 cartoon is Rs.100/-.
Currently we are billing in below manner:-
(15*100+1*0)=1500 taxable Value , Gst 1500*18%=270 , Total bill value =1770(1500+270)
Note that presently we are reversing ITC in respect of free sale.
We Wish to bill in below manner :-
15*100=1500
01*100= 100
(-)Discount=-100
Taxable Val=1500
GST@18%= 270
Bill Value = 1770

Pls advise what is the best option and your advise if any .

Arpit

Arpit (Expert)
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16 February 2018 second option is best as you will not be required to reverse the credit and you can avail full ITC

ANIMESH PANDEY

ANIMESH PANDEY (Querist)
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16 February 2018 thnaks sir but can you please clear that can we give bulk discount at one place in the invoice or only item-wise discount is permissable ?? Beacuse in the above example i used only one quality of biscuit but we have varity of biscuits with varities of scheme i.e in one item we give 1 cartoon free with 15 cartoon but in second varity we give 1 cartoon free with 30 cartoons.
Pls clear

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