RAHUL (Student CA Final ) (377 Points)
09 June 2018If we have 2 items in the invoice:
'A' taxable @ 5% and 'B' taxable @ 18% and we offer discount to our dealers on total invoice value on not on item basis, then how can we exclude discount while calculating GST while entering the invoice in Tally ERP 9.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 June 2018
Vinod Babu
(24191 Points)
Replied 09 June 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 June 2018
| Originally posted by : Vinod Babu | ||
 |
You can give it manually in tally. After passing the sales item qty, rateAnd after giving output Cgst and sgst, Create discount ledger and give discount amount by putting minus sign before the amount. Sir, try it out. |  |
It's to me?
Vinod Babu
(24191 Points)
Replied 09 June 2018
RAHUL
(Student CA Final )
(377 Points)
Replied 20 June 2018
But in that case, CGST and SGST will include Discount and not Exclude it. I have tried it.
RAHUL
(Student CA Final )
(377 Points)
Replied 20 June 2018
Item A - Rs. 600 taxable at 5%
Item B- Rs. 400 taxable at 18%
Discount on total invoice Rs. 100 (not on individual item)
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 June 2018
| Originally posted by : RAHUL | ||
|
Item A - Rs. 600 taxable at 5% Item B- Rs. 400 taxable at 18% Discount on total invoice Rs. 100 (not on individual item) |
|
Please check out the attachment
CAclubindia
