hello
our firm purchase some material say "X" form the supplier and we get discount of ₹1000/ton and purchase 50tone in the month so is the GST treatment and entry for the same .
whether supplier simply issue credit note or what.
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credit note
Replies (1)
supplier shall issue credit note to the extent of discount given ,and same value of discount to be credited to earlier passed purchase entry and simultaneously input GST stand reduced
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