Discount entry
This query is : Resolved
26 July 2019
DEAR SIR IF WE MADE PAYMENT AGAINST GST INVOICE TO ANY PARTY AND IF THERE IS A LESS PAYMENT CAN WE ADJUST THE SAME AGAINST DISCOUNT RECEIVED. BILLS AMOUNT WAS RS 11700/- WE PAID ONLY RS 11,000/-
26 July 2019
YOU CAN ISSUE DEBIT NOTE AND REVERSE THE ITC ON DEBIT NOTE.
27 July 2019
YOU CAN TRF THE AMOUNT IN SUNDRY BALANCE W/OFF LEDGER
27 July 2019
MR. GOKUL SHARMA
KINDLY SEE THAT GST INVOICE ISSUE
AND PARTY PAY GST , IF HE ISSUE CREDIT NOTE THEN I MUST REVERSE THE ITC.
KINDLY SEE THAT GST INVOICE ISSUE
AND PARTY PAY GST , IF HE ISSUE CREDIT NOTE THEN I MUST REVERSE THE ITC.
28 July 2019
but sir this is settlement of bills the receiving party is agreeing for 11000. it can be in form of cash discount
29 July 2019
AS PER YOUR THINKING CASH DISCOUNT IS NOT EFFECT THE INVOICE AND DIRECT W/OFF...
SORRY TO SAY YOU
AS PER LAW YOU MUST ISSUE DEBIT NOTE AND THEN SETTLE IT....OTHERWISE YOU CAN DO ANY THING ....
AS YOU LIKE YOU CAN FOLLOW...
SORRY TO SAY YOU
AS PER LAW YOU MUST ISSUE DEBIT NOTE AND THEN SETTLE IT....OTHERWISE YOU CAN DO ANY THING ....
AS YOU LIKE YOU CAN FOLLOW...
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
