Can we give discount in invoice how the inward creditnote will takecare
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Discount allowed in invoice is allowed
Replies (2)
Discounts given after supply will be allowed only if-
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It is mentioned in the agreement entered into before sale AND
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input tax credit proportionate to the discount has been reversed by the recipient of the supply AND
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It can be clearly tracked to relevant tax invoice
What else do you need here?
yes you can and should be a part of the invoice where you can tax on post discount amount.
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