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Treatment of cash discount

This query is : Resolved 
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(Querist)
08 June 2012 our client has received credit note of
Basic Rs. 6144497
Vat Rs. 384474

Total Rs. 65289741
Now what is its accounting treatment?
Whether it is deducted from purchases or not?
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CA SMR

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CA SMR (Expert)
08 June 2012 Input VAT Dr 384474
Supplier Dr 5760023
Purchase Cr 6144497
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
08 June 2012 pls Mention Credit Amount 6144497 or 65289741
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
08 June 2012 creditors Dr 65289741
To Rebate & Discount 65289741

Because It's Discount not a rate difference matter.
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