How we pass jounral entry

md sajruddin khan (full details of gst and hsn code) (233 Points)

07 August 2018

If We purchase fire extinguisher which basic rate 6000/- and discount 3000/- after discount gst charged 18%

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Jatin (Accountant) (3479 Points)
Replied 07 August 2018

Dr. Fire Extinguisher A/c 3000
Dr. Input Tax Credit 540

Cr. Creditor A/c 3540

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md sajruddin khan (full details of gst and hsn code) (233 Points)
Replied 07 August 2018

thanks sir
but how can I show discount in my a/c

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Jatin (Accountant) (3479 Points)
Replied 08 August 2018

Not entry required for trade discount

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md sajruddin khan (full details of gst and hsn code) (233 Points)
Replied 08 August 2018

thanks for your prompt reply.. thanks a lot

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