Discount given to customers

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shanker (Querist)
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12 September 2012 Dear sir,
in my business iam giving cash discounts to customers. company is also reimbursing the discount but only upto 80% of actual discount given. now the problem is,
clients are accounting for full purchase value & not showing discount received (bcos to boost up exp.) now ITO is asking me to produce vouchers from customers that this transaction is genuine. customers are not giving me such vouchers. how to come over this?

CA VISHNU GAVKARE

CA VISHNU GAVKARE (Expert)
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13 September 2012 You must have issued invoice for full value say Rs. 100. client must have made you payment only after discount say Rs. 10 which is Rs. 90. so recompute his ledger from this and present it to ITO.