| Originally posted by : Ashish Gupta | ||
 |
an invoicePurchase 100.00Less : discount 10.00 - - - - ------ 90.00Add: GST. @ 12% 10.80TOTAL. - - - - - - 108.00 |  |
Purchase Amt- 90
Discount ( Direct Expenses ) Rs. 10
Input Credit Rs. 10.80 ( If Receiver Registered under GST )
| Originally posted by : Ashish Gupta | ||
|
On sale side what is sales amount in trading account | |
If You are not give discount to your customers then you ll prepare as per below...
Rs. 90 + Your Profit Margin = XXX
GST @ 12% - XXX
Total = XXXX...
| Originally posted by : Ashish Gupta | ||
|
On sale side what is sales amount in trading account | |
If You will give discount to your customers then you ll prepare as per below...
Rs. 100 (-) Discount Value (+) Your Profit Margin = XXX
GST @ 12% - XXX
Total = XXXX...
CAclubindia
