LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Discount in tally erp 9 ?

RAHUL (Student CA Final ) (377 Points)

09 June 2018

If we have 2 items in the invoice:

'A' taxable @ 5% and 'B' taxable @ 18% and we offer discount to our dealers on total invoice value on not on item basis, then how can we exclude discount while calculating GST while entering the invoice in Tally ERP 9.

Reply
Follow
Share

10 Replies

RAJA P M ("Do the Right Thing...!!!") (127146 Points)
Replied 09 June 2018

Without discount how to You enter the details in Your Tally?

1 Like

Vinod Babu (24191 Points)
Replied 09 June 2018

You can give it manually in tally.
After passing the sales item qty, rate
And after giving output Cgst and sgst,
Create discount ledger and give discount amount by putting minus sign before the amount.
Sir, try it out.

1 Like

RAJA P M ("Do the Right Thing...!!!") (127146 Points)
Replied 09 June 2018

Originally posted by : Vinod Babu
	You can give it manually in tally. After passing the sales item qty, rateAnd after giving output Cgst and sgst, Create discount ledger and give discount amount by putting minus sign before the amount. Sir, try it out.

It's to me?

Vinod Babu (24191 Points)
Replied 09 June 2018

Raja sir, not for u. It is for Mr rahul, you put the query.

1 Like

RAHUL (Student CA Final ) (377 Points)
Replied 20 June 2018

But in that case, CGST and SGST will include Discount and not Exclude it. I have tried it.

RAJA P M ("Do the Right Thing...!!!") (127146 Points)
Replied 20 June 2018

Originally posted by : RAHUL
	But in that case, CGST and SGST will include Discount and not Exclude it. I have tried it.

Give Your details of the Invoiced figures...

RAHUL (Student CA Final ) (377 Points)
Replied 20 June 2018

Item A - Rs. 600 taxable at 5%

Item B- Rs. 400 taxable at 18%

Discount on total invoice Rs. 100 (not on individual item)

RAJA P M ("Do the Right Thing...!!!") (127146 Points)
Replied 20 June 2018

Originally posted by : RAHUL
	Item A - Rs. 600 taxable at 5% Item B- Rs. 400 taxable at 18% Discount on total invoice Rs. 100 (not on individual item)