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Discount received
can i enter discount received in debit note in gst tally...or please give suggestions how to entery in tally.
Replies (5)
Are you received the discount in the purchased invoice? or separate document?
I received credit note..sir..
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...
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...
thank you sir...
You are welcome...
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