Entry for goods sold at discount

This discussion clarifies the accounting treatment for goods sold at a discount or cost price, such as display items. The consensus is that these sales should be recorded just like any other sale, with appropriate entries for trade debtors, sales, and GST. The key point is that discounts should be recorded in the books of accounts, provided they are not trade discounts, and Section 15(3) of the CGST Act must be considered.