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Regarding discount

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52 Points Posted on 25 November 2019
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.
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On 25 November 2019 at 18:29 Report
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136 Points Posted on 25 November 2019
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
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On 25 November 2019 at 19:59
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GST Practitioner
55067 Points Posted on 25 November 2019
As per Section 15 (3) CGST Act
The value of supply can be reduced by the amount shown as discount in the invoice.
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On 25 November 2019 at 22:52
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241 Points Posted on 26 November 2019
For cash discount isuue credit note to the customer.
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On 26 November 2019 at 07:47
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402 Points Posted on 26 November 2019
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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On 26 November 2019 at 20:34


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