DISCOUNT related
nirmal paliwal (ipcc) (83 Points)
06 April 2021
In my balance sheet a creditors o/s from 2014. In fy 2020 21 can I pass entry as discount and claim without gst effect
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 April 2021
But this is not correct method, is that outstanding amount was actually be allowed as discount by the credito
Ankit Neema
(2742 Points)
Replied 06 April 2021
Yes you can pass the entry, but first decide whether you have pay or not,
so as per the law of limitation you can write off without GST effect
so as per the law of limitation you can write off without GST effect
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