SIR,
LET SUPPOSE A CO SUPPLY GOODS TO B AS FOLLOWS
BASIC PRICE TAX TOTAL
100 28% rs128
B SUPPLY TO AS FOLLOWS
BASIC PRICE MARGIN TAX TOTAL
100 RS 10 30.8(28 %) 140.80
now company ask b to reduce price by rs 20 and ask b to sell at rs 120.80
b will bill as follows
basic price discount net price tax (28%) total
110 15.62 94.38 26.42 120.80
(1) as per above b avail input of rs 28 and output of rs 26.42
(2) co. is asking b to raise claim of rs 20 +gst 18% = rs 20 under business support service
is it ok please clarify on urgent basis as this practise increase the itc of b
CAclubindia
