company issue us credit note
against discount given to
customer. company has paid gst on same
how to deal same in gst and
balance sheet
Menu
credit note
Replies (9)
As per my view.,
The discount is not a supply of Goods and Services. It's a cash discount. GST not applicable for this transaction...
But,
Your supplier ll be given Taxable Credit Note then You ll follow the Same...
The discount is not a supply of Goods and Services. It's a cash discount. GST not applicable for this transaction...
But,
Your supplier ll be given Taxable Credit Note then You ll follow the Same...
Thanks
But eg. we bought something for Rs 100
and sell it at rs 98. and received same type of credit note against it rs 4 . Then what should we do
But eg. we bought something for Rs 100
and sell it at rs 98. and received same type of credit note against it rs 4 . Then what should we do
If you received as 'Discount" then you ll be give discount to your custmers...
yes received discount but how will pay I pay gst on my value addition when same will credited to p/l.account
please show the figures of credit note
figures are not there . but they were not present In gstr2a of july
figures are not there . but they were not present In gstr2a of july
go to ask the supplier...!
When any supplier give any discount on invoice, he have to reverse sales and gst to give credit to purchaser. Less rate of item (item's rate - discount per unit) then GST must be accordingly to match the GST returns
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
