23 May 2018
Hi A company deal with another company for event . The deal amount is USD 5995 After some time event organiser company receive USD 5945 only It means company receive USD 50 lesser How event company will do accounting How it represent 50 USD How company will raise invoice after receiveing 5945
24 May 2018
If it is a Cash discount as per for agreement, it can be shown as Discount for early payment. If bills have been discounted by third party and paid, the amount can be shown as Discount of finance and in such case GST on RCM basis shall also be payable.
CAclubindia
