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) TOTAL PRICE WITH GST 1613 (b) CREDIT NOTES PERTAINING TO PURCHASE cd @ 3% 48.39 quarterly discount @ rs. 20 per fan 20 quarterly growth discount ( variable ) 18.9 annual growth discount ( variable ) 18.9 free fan scheme . on 48 fans 1 fan free 33 t

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