32 thoughts on “GST IMPACT ON TRADE DISCOUNT, CASH DISCOUNT AND CONTINGENT DISCOUNT !!! CA MANOJ GUPTA !!!

  1. Including gst discount % kaise nikale
    Ex- product price-1205
    Discount -41%
    Gst-18%
    Total-838.92
    Koi puchhega ki including gst discount batao to kaise batayenge

  2. Sir, how can we issue credit note on cash discount, after sale to b2c(small) fulfilling the both condition.

    Because the credit note is only b2cl is option, what about the b2c small values invoices.

  3. You have given a wonderful explanation. But could you please tell me where to show credit note in P& L A/c in Income Tax ? What would be the total purchase in Income Tax ?

  4. agar koi suppler credit note race karta hai but ushme gst reverse nahi karta hai to ? only net ammount ka c.n aata hai to kya hum gst reverse kar den?

  5. Sir, if I set off-ed my GST in journal book and payment has been made to government by me. So, my question is- if my debtors(GST inc.) Are 5,60,000 and my debtors(no GST included) are 5,00,000 so what will the effect in trial balance, what we will record 5,60,000or 5,00,000?

    Please reply to me sir🙏

  6. Sir ji agar bill me tax lagane ke bad discount lagaya raha hai us condition me discount ka tax liability kiski hogi?
    Example
    Ass. Value. 50000
    CGST 4500
    SGST 4500
    Discount. -2000
    Bill amount. 57000

  7. Sir me Ambuja cements purchase karta hu mujhe discount pe credit note GST me milta he 28%se to kya mujhe reverse 28% 3b me out ward (a) me reverse karna hoga. GST ka amount agar me galati se wo outward(a) me reverse karna bhul jata hu to mujhe kya problem ayega sir help kijye.

  8. Dear Sir,

    When purchaser pay short payment to supplier for bill then whats treatment in GST,
    e.g. Taxable value Rs. 35610.00
    SGST @ 9% Rs. 3205.00
    CGST @ 9% Rs. 3205.00
    TOTAL INVOICE Rs. 42020.00
    and custmer paid Rs 42000.00 and Rs. 20.00 is kasar and Supplier do not want to pay GST on this types of kasar amount then whats treatment for this types of transactions in GST.

    Thanks

  9. Sir at the time of billing is baat ki proving kaise ki jae ki after sale discount jo diya hai vo utna hi hai jitna ki pahle se tae kiya gaya tha ya kiya bhi gaya tha ya nahi kiya gaya tha.

  10. Sir, please tell if a supplier allows 2% cash discount for payment with in 30 days from invoice date but due to compititive business circumstances he allowed 2% cash discount even after 60 days from bill date, would in this condition amount of cash discount be reduced from value of supply or not ,please tell relevant rule or section no. Too

  11. Sir, how can I fill itr-1 for the central govt. employee with the help of form-16 because there are break up in the filled of salary. what points should be consider for the filling. now i have some confusion.

  12. DEAR SIR, I WATCHING YOUR VIDEO AND THANKS FOR THIS, BUYER HAS GIVEN US LESS PAYMENT, WHAT WILL BE CONSIDERED AS DISCOUNT OR BADDEBIT, (FROM MUMBAI/MR.SATYA/ACCOUNTANT)

  13. TAX COMPLEXITY
    CREATED PROBLEMS
    &NOT COLLECTION?
    >GET
    18Cr+ New TAXPAYER
    +3xKITTY Daily
    IF
    TAX=1% To ALL
    FOR 1st Rs.5Cr RECEIVED
    TAX#=MOBILE Numbr
    PAY 1%&No RETURNS
    As
    1-iTEM CHANGES HAND 18TIMES
    TAX COLLECT=18%
    HOW?
    1% BANK Transaction TAX
    >CASH PAY 1% of RECEIVED
    by MOBILE daily

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