Treatment of dicount
This query is : Resolved
18 June 2008
There is cash discount given by the Party in Purchase Invoice after charging Excise Duty @ 16.48%, in Excise invoice.
Then on the remaining amount CST @ 3% is charged.
Is this the Correct Treatment?
Also what should be the treatment in Commercial Invoice?
Please help me on this matter.
Then on the remaining amount CST @ 3% is charged.
Is this the Correct Treatment?
Also what should be the treatment in Commercial Invoice?
Please help me on this matter.
18 June 2008
FIRSTLY EXCISE DUTY IS TO BE CHARGED THEN CST TO BE CHARGED THEN CASH DISCOUNT TO BE DEDUCTED
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