Sir,
Party has deducted some amount from bill. how to adjust the same in books. Can we show Bed debit Under indirect exp. in PNL please suggest
What is the reason for deduction ?.
6 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 25 August 2019
If you have issued GST tax invoice , received less amount and treated as discount , then Section 15 (2) (b) (i) of the CGST act 2017 will applicable .
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 25 August 2019
Can give Cash Discount without including it in supply
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