Credit note or debit note issue on after sale discount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2018
Hello everyone, i am query regarding issue of credit note in case of vehicle sale to ultimate customer, after invoice raising, we provide post sale discount to ultimate customer to adjust/ make "nil account balance"his account in books
but in original no discount given to customers, all real discount give at the time of sale.so any requirement to issue credit note for post sale discount or not here i present a example
A truck sale to Mr X for Rs 23,20,000/- and invoice discount given to him 1,50,000/- and amount received from customer 21,00,000/- and his due balance 70000/- and we pass entry again as rebate & discount of 70000/-
please provide ans
but in original no discount given to customers, all real discount give at the time of sale.so any requirement to issue credit note for post sale discount or not here i present a example
A truck sale to Mr X for Rs 23,20,000/- and invoice discount given to him 1,50,000/- and amount received from customer 21,00,000/- and his due balance 70000/- and we pass entry again as rebate & discount of 70000/-
please provide ans
03 March 2018
As I assume that you paid GST on the remaining Rs.70000/- already, you can close the account.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2018
yaa, and thanx for guide and clear concpet
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