Trade discount


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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
============
it is wrong or Correct. if it is wrong please let me know the correct format sir.

11 June 2017 It is wrong If rate is 28% then CGST is 14% & SGST is 14%

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 June 2017 Mam, Trade Discount is correct.

11 June 2017 Yes it is correct.

Avatar

Querist : Anonymous

Profile Image
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.


11 June 2017 Yes it is correct.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 June 2017 Mam, u are great, thanks a lot, once again thanks on time help.

Avatar

Querist : Anonymous

Profile Image
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/-


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details