Cash Discount

Generally these cash discounts are to be given in the body of the invoice else you cannot  claim VAT Setoff  and  I Think this is universal for VAT of all states  is my opinion

IN MY OPINION CASH DISCOUNT IS ONLY GIVEN WHEN THE CUSTOMER MAKES EARLY PAYMENT

SO IF BILL BOOKED IS LIKE THIS NET AMOUNT 1000

                                                              ADD VAT  (12.5) 112.5

                                                              TOTAL                  1112.5

NOW WHEN EARLY PAYMENT RECD OR CAS DIS GIVEN THEN IT SHOULD BE LESS FROM 1112.5

IN THIS CASE VAT SHOULD NOT BE AFFECTED