we sold cotton seeds to one party and he paid Rs 321491 against the bill.... bill detail is below
Taxable value : 316509.25
CGST. : 7912.73
SGST : 7912.73
GRAND TOTAL : 332335
please help me in this case..
how to deal with it?
party paid 10844 short amount against the total invoice value....
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Received short amount
Replies (19)
Ask balance amount from Party...
We asked but he said seeds was moisture so it's settlement final.... I can't give remaining amount
If it's material defect then You can give credit note for the balance amount...
We not given credit note to him and we settled for that shortage of amount 10844..
so how to treat this
so how to treat this
Hello...
Party paid short amount... right...?
Then why You paid the amount...?!
Party paid short amount... right...?
Then why You paid the amount...?!
Yes sir party paid short amount because goods were moistured and he said bill has been settled for that amount ....
so should we consider that short amount as discount allowed to him
so should we consider that short amount as discount allowed to him
Yes... You can.
Thank you sir.....
we had paid gst as per bill and filed GSTR 1 also of that Bill
we had paid gst as per bill and filed GSTR 1 also of that Bill
No problem... You can provide discount.
So now that Rs 10844 short amount is discount allowed ...correct
It's Your own decision...
If You will give as discount then do it...
If You want to make as credit note then You can...
Options are Your choice...😊
If You will give as discount then do it...
If You want to make as credit note then You can...
Options are Your choice...😊
Ohhhh😊
yes.... party has not given debit note and we also not given credit note to him... so we will leave this amount.....
yes.... party has not given debit note and we also not given credit note to him... so we will leave this amount.....
Since Gstr amount has been paid.
it will be deemed to be considered that Rs. 3.21 lacs will be first adjusted against gst amount balance with
Rs.3.16 lacs
it will be deemed to be considered that Rs. 3.21 lacs will be first adjusted against gst amount balance with
Rs.3.16 lacs
Sorry sir.... I did not understand what you said
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