Itc after discount

Dinesh Chandra Suthar (udaipur) (81 Points)

30 December 2017  

IF REGISTER DEALER PURCHASE GOOD FROM REGISTERED SUPPLIERS AND INVOICE GENERATED AND AFTER SUPPLIERS ISSUE DIFFERENT CREDIT NOT FOR EXTRA DISCOUNT ON ACHIVE TARGET SCHEME AND MONTHLY SALE SCHEME.

SO GOOD RECEIVER WHAT TO DO FOR ITC.

EXAMPLE

 

BILL NO. 01

TAXABLE VALUE IS           10000

CGST                                     1400

SGST                                      1400

                TOTAL                   12800 RS

SO ITC RS 2800

 

AFTER SUPPILERS ISSUE CREDIT NOT ON ABOVE INVOICE RS 600 EXCLUDING SGST+CGST =168(84+84)

AND MONTHLY TARGET DISCOUNT CREDIT NOT ON ABOVE INVOICE RS 100 EXCLUDING SGST+CGST =28(14+14)

 

ABOVE BOTH CREDIT NOT ISSUE IN DIFFERENT VOUCHER.

 

SO RECEIVER WHAT TO DO FOR ITC AND HOW MUCH ITC WOULD BE CLAIMED.