Gst billing clarrification
This query is : Open
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
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
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.
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.
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
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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