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Discount

Is the cash d...

Question

Is the cash discount shown in the invoice?

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Solution

The cash discounts are recorded in an invoice by showing the net and gross price of the goods and services sold after deducting the discount from its total price.

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Q. Prasad purchased a washing-machine from 'Maharashtra Electronic Goods'. The discount of 5% was given on the printed price of Rs 40,000. Rate of GST charged was 28%. Find the purchase price of washing machine. Also find the amount of CGST and SGST shown in the tax invoice.

Q. A dealer has given

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is applied on the discounted price. Find the total amount that is shown in the tax invoice.

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