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Regarding discount
can we share some discount to salesperson who purchases goods other than what we are showing on invoice. suppose if someone purchases the goods.we show the discount on the bill, but he asks some cash discount. how should we show it and GST is payable under head discount paid.
Replies (4)
In Tally Erp , we can Adjusted Trade Discount as well as Cash Discount Under GST format by modifying F II Accounting features and F 12 Configuration .
GST Tax will calculate After Adjusting both Discounts
GST Tax will calculate After Adjusting both Discounts
As per Section 15 (3) CGST Act
The value of supply can be reduced by the amount shown as discount in the invoice.
The value of supply can be reduced by the amount shown as discount in the invoice.
For cash discount isuue credit note to the customer.
If Possible give it as a post discount without GST as in some case the inventories will go in loss as getting post discount from further purchase party as post discount or scheme discount without so do it same as indirect head of discount if you wanna go with direct that GST is applicable.
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