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cash discount

118 views 2 replies

hareesha G

88 Points Posted on 21 July 2018

sir i am cement dealer (wholesell) our sellaer is given credit note to me for discount, the discount is based on payment of advance and pd (i.e promotional discount) my doubt was where can i show the gst wheather in input or in output please explain it thank u

Replies (2)

CA Naveen Chand

Chartered Accountant

12739 Points Posted on 21 July 2018

it is debit note for u

and u can less from purchases for gstr_3b and net purchases to be shown

and u can also show in gstr_1

Pankaj Rawat

GST Practitioner

55067 Points Posted on 21 July 2018

But I don't understand why & how seller can give discount,.. plz CHK he has issued you a CNT for discount

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