as retail outlet in rural area customer are not ready to give additional gst on price ,so can we deduct exact amount of gst on selling price as discount and than add gst accordingly
In My view., You ll be deduct after tax calculated.... ex: Ass Val : 10000 Tax : 500 Total : Rs. 10,500 Discount 10% - 1000 (on basic value) Grand Total is Rs. 9500... You can give discount for your material value not tax value....
CAclubindia
