Sale invoice
SUMIT BADYAL (709 Points)
27 May 2020
hi, sale invoice was made less amount than its original amount, how we correct it by a debit note or what.
7 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 27 May 2020
A debit note for rate difference would work.
SUMIT BADYAL
(709 Points)
Replied 27 May 2020
Debit party
creditthe sale or what.
one question.
we sale good on a commission basis year 2019 -20, now we have to pay to party after deduction of commission.
how we pay what type of invoice we need from party, purchase or what invoice.
creditthe sale or what.
one question.
we sale good on a commission basis year 2019 -20, now we have to pay to party after deduction of commission.
how we pay what type of invoice we need from party, purchase or what invoice.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 May 2020
Yes issue the debit note as per Section 34 of CGST Act
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 28 May 2020
The payment activity is separate. It depends on the agreement if it is of trade, i.e. purchase and sale, then tax invoice required separately for purchase, sale and commission.
Himanshi Garg
(Ca Article)
(354 Points)
Replied 30 May 2020
Yes you should issue Debit Note
Regarding payment, as per my opinion there are 3 incidences that are taking place, one is Purchase the other is Sale and Third is Commission. Therefore there should be three separate invoices for all the three incidences. And entry in your books of accounts would also be different.
While issuing Debit Notes you will affect the amount and incidence of Sale so make adjustment entry related to sale and debtor a/c only.
Thanks
Regarding payment, as per my opinion there are 3 incidences that are taking place, one is Purchase the other is Sale and Third is Commission. Therefore there should be three separate invoices for all the three incidences. And entry in your books of accounts would also be different.
While issuing Debit Notes you will affect the amount and incidence of Sale so make adjustment entry related to sale and debtor a/c only.
Thanks
SUMIT BADYAL
(709 Points)
Replied 30 May 2020
Question-related to sale on a commission basis.
we sell goods on behalf of commission basis.
for example,
1.we sale goods of 1 lakh on commission basis gst excluded.
2. 30% commission on 1 lakh
3. after deduction of 30% in 1lakh we need to pay to him.
4. tell me, he needs to give us a purchase invoice or commission invoices and how we adjusted the 30% commission.
Please tell me how it's is work in Gst.
we sell goods on behalf of commission basis.
for example,
1.we sale goods of 1 lakh on commission basis gst excluded.
2. 30% commission on 1 lakh
3. after deduction of 30% in 1lakh we need to pay to him.
4. tell me, he needs to give us a purchase invoice or commission invoices and how we adjusted the 30% commission.
Please tell me how it's is work in Gst.
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