Raghunath Burdak (student) (32 Points)
28 July 2019
Shorya
(CA Article)
(105 Points)
Replied 28 July 2019
Cash discount will be 5% of taxable value of supply, i.e, 1525*5% = INR 76.25
GST amount to be reversed in this case would be 76.25 x 18% = 13.725
Shorya
(CA Article)
(105 Points)
Replied 29 July 2019
well, in actual practise, debit notes are issued in case of trade discounts and not cash discounts.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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