IS PROMPT PAYMENT DISCOUNT AGAINST PARTICULAR PURCHASE INVOICE RECEIVED COMES UNDER GST? WILL WE HAVE TO REVERSE ITC? IF SUPPLIER IS NOT CHARGED IN CREDIT NOTE, WHAT SHOULD WE DO?
Mahesh Shaha (303 Points)
09 August 2017IS PROMPT PAYMENT DISCOUNT AGAINST PARTICULAR PURCHASE INVOICE RECEIVED COMES UNDER GST? WILL WE HAVE TO REVERSE ITC? IF SUPPLIER IS NOT CHARGED IN CREDIT NOTE, WHAT SHOULD WE DO?