Trade discount

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2017 Dear sir

Trade Discount facility in GST Sales invoice. sir

Goods Value Rs.10000.00
Less: Trade Discount Rs. 1000.00
------------------
Gross Rs. 9000.00
CGST 10% Rs. 900.00
SGST 18% Rs. 1620.00
------------------
Total Invoice Value Rs.11520.00
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it is wrong or Correct. if it is wrong please let me know the correct format sir.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 June 2017 It is wrong If rate is 28% then CGST is 14% & SGST is 14%

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Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2017 Mam, Trade Discount is correct.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 June 2017 Yes it is correct.

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2017 Mam, Goods Value Rs.10000.00 Less: Trade Discount Rs. 1000.00 Gross Rs. 9000.00 CGST 14% Rs. 1260.00 SGST 14% Rs.1260.00 Total Invoice Value Rs.11520/- it is correct Mam.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 June 2017 Yes it is correct.

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Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2017 Mam, u are great, thanks a lot, once again thanks on time help.

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2017 Dear Sir/Madam IGST Purchase Rs.10000/- and + Input Rs.1800/- = Purchase Value Rs.11800/- . sold the goods(Local) Rs.12000 + SGST Rs.1080/- CGST+ Rs.1080/- = Inv.Amt Rs.14160/- . Can i ITC adjust the GST Rs.1800/- for this Transaction. How i Paid the Tax, CGST Payable Tax ? SGST Payable Tax ? How We take the ITC for IGST Rs.1800/-

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