post sale discount for cement

[RAMESH R]

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

AI Summary

Client Seeks Guidance on GST Adjustment for Post-Sale Discount on Cement Bags; Credit Note Issued for Compliance. A client, a wholesale and resale dealer, purchased cement bags at 300 plus 28% GST and resold them at 305 plus 28% GST. After the sale, the client received a 20 per bag discount via a credit note, which affects the GST input tax credit. The client seeks advice on adjusting the GST payable, filing GSTR 3B, and making appropriate accounting entries. Responses suggest that if there is an agreement for the post-sale discount, it is not liable to GST, and a credit note can be issued to reflect this adjustment.