we received cement bill
av. 100000
cgst. 14000
sgst. 14000
discount (10000)
total bill. 118000
what is the treatment if we will take rs 14000 cgst & sgst each. then which value we put in GSTR 1
please help.
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treatment of tax invoice
Replies (5)
The value is Rs.90,000/-.
then cgst and sgst amount will be reduced
The tax should be calculated on discounted value. It appears your supplier has calculated tax on the non discounted value. I hope that the discount is admissible in terms of section 15(3) of CGST.
we can take credit 14000 as cgst and stst
Yes you can take credit of CGST and SGST charged to you.
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