Vat payable for rate difference from sellers

Amit Kumar (Accountant) (276 Points)

08 December 2014  

Dear All,

When a seller raise a sales invocice for buyer on MRP or setfixed rate for buyer and after he give discount for rate difference he clearly mention in his invoice out put vat lum sum 1000 how how this amount will be treated with accounting entries waiting for your reply

Thanks in Advance

Amit Kumar