banner_ad

GST On Cash Discount and Turnover Discount Credit Note

This query is : Resolved 

03 February 2022 Resp.Sir,
We Issues two types of Credit note

1. Turnover Discount ( with Scheme amount plus GST)
eg

TOD A/c ...Dr
Input CGST ..Dr
Input SGST ..Dr
To Party A/c

2. Cash Discount , (on time payment by Debtors with amount plus GST
Cash Discount A/c ...Dr
Input CGST ..Dr
Input SGST ..Dr
To Party A/c

My Query is Shall we Charge/Reverse GST in Credit Note.

05 February 2022 SIR WAITING FOR YOUR VALUABLE RESPONSE..


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details