Gst billing clarrification

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venkatesh (Querist)

12 June 2017 sir.,

If One purchase a goods from manufacturer to re selling purpose

for example

the Billing price of the goods are Rs. 400 including GST

and selling price of the same goods Rs. 380 including GST

the difference arise because of the received discounts for the same products

then what will be billing procedure for the above

CA Parveen Kumar

CA Parveen Kumar (Expert)

12 June 2017 For giving discount under GST there are two situations:

1. Discount at the time of issuance of invoice, in this case, the discount amount must be mentioned on the invoice.
2. Discount after invoice, in this case, there must be a proper agreement prior to invoice and must issue a credit note indicating the original invoice number. The details of credit note must be entered in return.

venkatesh

venkatesh (Querist)

12 June 2017 sir.,

the above two conditions ok., fine that My question is as under

If a commodity purchase bill details

1 Quatity = 300

14% CGST = 42
14% SGST = 42
total bill cost= 382
receive discount - 32
cost price 350

If I rise invoice as under
i Quantity 281.00
14% CGST 39.35
14% SGST 39.25
selling price 359.50
this type of invoice rising procedure is correct or not correct

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