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Deduction in GST invoice
A seller issues one invoice to purchaser.And purchaser deducts some amount from total invoice value. So does there creat any discrepancy in accouting of both parties by such types of any deduction.
Replies (3)
If any purchaser want to deduct invoice value so he can raise debit note to seller and same will reflect in gstr1
If buyer deducts any amount towards short receipt, damaged, quality issues. The seller should raise credit note toeards the differential amount
Yes as per section 34 of CGST Act ,supplier is required to issue CNT for the same .
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