Dear all,
Please suggest me which method is correct.
|
Table showing GST calculation in discount |
||||
|
After Tax |
Before Tax |
|||
|
Rs |
Rs |
Rs |
Rs |
|
|
MRP VALUE |
10,000.00 |
10,000.00 |
||
|
Less Discount (10%) |
- |
1,000.00 |
||
|
|
|
10,000.00 |
- |
9,000.00 |
|
TAXABLE (5%) |
9,523.80 |
8,571.43 |
||
|
CGST (2.5%) |
238.10 |
214.30 |
||
|
SGST (2.5%) |
238.10 |
10,000.00 |
214.30 |
9,000.00 |
|
Less Discount (10%) |
1,000.00 |
- |
||
|
Final |
|
9,000.00 |
|
9,000.00 |
|
Tax break up |
||||
|
Taxable |
9,523.80 |
8,571.43 |
||
|
CGST(2.5%) |
238.10 |
214.30 |
||
|
SGST(2.5%) |
238.10 |
214.30 |
||
CAclubindia
