12 June 2017
For giving discount under GST there are two situations:
1. Discount at the time of issuance of invoice, in this case, the discount amount must be mentioned on the invoice. 2. Discount after invoice, in this case, there must be a proper agreement prior to invoice and must issue a credit note indicating the original invoice number. The details of credit note must be entered in return.
the above two conditions ok., fine that My question is as under
If a commodity purchase bill details
1 Quatity = 300
14% CGST = 42 14% SGST = 42 total bill cost= 382 receive discount - 32 cost price 350
If I rise invoice as under i Quantity 281.00 14% CGST 39.35 14% SGST 39.25 selling price 359.50 this type of invoice rising procedure is correct or not correct
CAclubindia
