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Discount related questions

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Gagan Kaushik

96 Points Posted on 14 March 2023

Hello Ma'am/Sir

mera question yeh hai sir ki mujhe sales bill ke ander discount dene tha magar nhi diya jab maine aapne CA sir se pucha toh unhonne kaha CREDIT NOTE issue kr do.
mujhe samaj nhi aaya aisa kyun karna hai is se kya fark padega CREDIT NOTE issue karna se.

Replies (2)

Quick Summary

This discussion addresses a query about providing discounts on sales bills after the invoice has been issued. The advice given is to issue a credit note for the discount amount. This is important because it allows the customer to reverse the Input Tax Credit (ITC) they may have claimed on the original invoice for the discount value, preventing discrepancies and ensuring compliance.

Krish Karaniya

23 Points Posted on 14 March 2023

You need to issue credit note so that the benefit of ITC taken by your customer can be reversed for the discount amount since if he doesn't reverse ITC it wrong