Answer Posted / azaz.ahmad
There is a Two type Discount
1. Trade Discount
2. Cash Discount
....Trade discount is a part of Direct exp. this allowed on
the time of sales invoice.
....Cash Discount is part of Indirect exp. this allowed at
the time of collection for the our better flow of cash.
| Is This Answer Correct ? | 16 Yes | 3 No |
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Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
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