Dear sir
We have purchase cloth from delhi and the received the bill of Gst as follows
Laptop = Rs. 25000
IGST. 5% = Rs. 1250
Total =. Rs. 26250
Less discount (8%) =Rs.2100
NET payable. =Rs. 24150
This is correct bill according to Gst rules
or not & if yes then what is the journal entry for this
Please
No this is not a true invoice. If they are giving you discount then they have to give discount in taxable value that is 25000/-
then after they have to add GST Tax.
CAclubindia
