Example:
- 17
Sahil Interior Ltd sells a
kitchen interior worth Rs 3,00,000 to ABC Interior.
·
They incur packing charges
of Rs 5,000.
·
They provide a discount of
1% on the price
The invoice issued to ABC
Interior, under GST, will look like this:
INVOICE
|
S.No. |
Description
of goods |
Quantity |
rate |
Per |
Amount |
|
1 |
Kitchen
Interior |
1 |
300000 |
No. |
300000 |
|
|
Packing
Charges |
|
|
|
5000 |
|
|
Discount@1% |
|
|
|
(-)3000 |
|
|
GST
(approx @18%) |
|
|
|
54360 |
|
|
Total |
|
|
|
356360 |
·
Discount of 1% is deducted
from the transaction value.
Discount given before or at the time of supply, and which is recorded in the
invoice, can be deducted from the transaction value.