Gst discount for mrp sales

Avinash Jeevan Dsouza (Assistant In Charge Accountant)   (3292 Points)

21 November 2017  

Dear all,

 

Please suggest me which method is correct. 

 

Table showing GST calculation in discount
   

After Tax

  

Before Tax
 

Rs

Rs

Rs

Rs

MRP VALUE

  

 10,000.00

  

  10,000.00
         

Less Discount (10%)

  

                 -  

  

     1,000.00
         

 

 

 10,000.00

              -  

     9,000.00

         

TAXABLE (5%)

  9,523.80

  

 8,571.43

  
         

CGST (2.5%)

     238.10

  

     214.30

  

SGST (2.5%)

     238.10

 10,000.00

     214.30

     9,000.00
         

Less  Discount (10%)

  

    1,000.00

  

                  -  
         

Final

 

    9,000.00

 

     9,000.00

 

 

Tax break up

        

Taxable

  

    9,523.80

  

     8,571.43
         

CGST(2.5%)

  

       238.10

  

        214.30

SGST(2.5%)

  

       238.10

  

        214.30