Home Forum Goods and Services Tax - GST Month 11 2018 2018 (11) This
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post sale discount for cement - Goods and Services Tax - GSTExtract Dear Sir, 1. My Client (Whole sale Reseller) purhcase cement bag from one famous brand company ₹ 300+GST 28% at the time of purchase of Invoice,my client resale to customer ( Unregistered and end user) rate is per bag ₹ 305+GST 28% after sale they have received discount (Credit note) ₹ 20 per bag + GST 28% from company instructed to my client above discount amount less your input but client is sale is completed and GST is payable for ₹ 1.40 @ 5 profit cost Now they will be adjusted for above GST for ITC they have to pay GST additional ₹ 5.60 @ ₹ 20 discount In this situation how to advise my client? 1.how to file GSTR 3B 2.how to entry passed in books 3.how to make sale bills and credit note entry post the books and resale Kindly advise my respected seniers
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