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
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Bed debit Under PNL
Replies (6)
What is the reason for deduction ?.
Adjust it under discount
Thank you Sir,
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 .
Can give Cash Discount without including it in supply
Treate it as a Cash Discount
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