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If the selling price is lesser that cost price due to Credit notes. Credit notes are issued without GST component by the seller

Goods and Services Tax - Started By: - chetan jhaver - Dated:- 9-10-2017 Last Replied Date:- 27-8-2018 - under below scenario . what is the right way of being tax compliant. PURCHASE PRICE AS PER INVOICE basic 1260 input gst ( cgst + sgst ) 352.8 (a) .....

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tal discounts on product 139.19 (c) Actual purchase cost including GST 1473.81 cp = (b-c) SELLING PRICE INCLUDING GST 1565 (d) selling price basic 1222.65625 output gst ( cgst + sgst ) 342.34375 (e) NETT CONTRIBUTION TO GST PER PRODUCT SALE output gs .....

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