Dear Experts,
We are a franchise dealer. Our supplier (Maharashtra based, interstate) has issued us an invoice for a "Redefined Voucher" under HSN 999599 — customers who purchase this subscripttion get special offers/discounts on future purchases.
Purchase Details:
- HSN: 999599
- IGST @ 18%
Our Sale to Customer:
- We resell this subscripttion to end customer
- Intrastate sale — CGST 9% + SGST 9%
Accounting done by us in Tally Prime:
- Purchase booked under Purchase Accounts, HSN 999599, IGST 18%
- Sale booked under Sales Accounts, HSN 999599, CGST+SGST 9%+9%
I have already recorded the entries this way — if there is a better or more correct approach, please do share.
