Praful Patil (Accountant) (46 Points)
28 January 2019
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 28 January 2019
you have to issue a Credit note to the buyer equivalent to the amount of discount. Tax will be calculated on this amount & subsequently eligible for ITC
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 28 January 2019
| Originally posted by : Praful Patil | ||
 |
mam I have query about this? |  |
what?
Praful Patil
(Accountant)
(46 Points)
Replied 28 January 2019
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 28 January 2019
Jab aapne original Invoice raise kiya tha, toh total amount pe tax charge kara. (Without discount)
which means the buyer would have paid tax on excess amount.
Ab jab aap Credit note issue karoge discount amount ka toh jo uspe tax pay kiya tha wo bhi reverse ho jana chahiye.
isly GST amount hum alag se show karege jisse yeh clear ho ek refund kitna milna hai on excess amount paid earlier.
CAclubindia
