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Discount received

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198 Points Posted on 20 June 2018
can i enter discount received in debit note in gst tally...or please give suggestions how to entery in tally.
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On 20 June 2018 at 13:34 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 20 June 2018
Are you received the discount in the purchased invoice? or separate document?
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On 20 June 2018 at 13:55
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198 Points Posted on 20 June 2018
I received credit note..sir..
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On 20 June 2018 at 13:58
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"Do the Right Thing...!!!"
128152 Points Posted on 20 June 2018
If it's taxable discount then you can enter in "Debit Note"...

You created a Ledger as "Discount Received - under indirect Income"

Dr. ABC Ltd A/c - Rs. 105
Cr. Discount Received @ 5% - Rs. 100
Cr. CGST @ 2.5% - Rs. 2.50
Cr. SGST @ 2.5% - Rs. 2.50....



If IGST then pass the entry as per IGST...
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On 20 June 2018 at 14:13
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198 Points Posted on 20 June 2018
thank you sir...
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On 20 June 2018 at 14:15
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"Do the Right Thing...!!!"
128152 Points Posted on 20 June 2018
You are welcome...
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On 20 June 2018 at 14:16


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