discount under gst
Sachin Pal (75 Points)
14 June 2019Sachin Pal (75 Points)
14 June 2019
Suresh Kumar
(Student CA Final )
(29 Points)
Replied 14 June 2019
Nikhil Bhatia
(Article)
(309 Points)
Replied 14 June 2019
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 16 June 2019
If supplier has issued credit note for Rs. 20 + GST - then ITC to the extent of 20% also to be reduced. If it is just a financial credit note with out GST, then ITC not required to be reduced.
Note: Assuming balance 20% will never be paid to supplier..