GST cannot be refunded if there is no agreement at the time of issuing Invoice. If you want to allow discount without adjusting GST, then follow the steps given below: –
METHOD-1: –
1. Go to Voucher.
2. Click on “Add” and
enter “CN” as Trn.Type.
3. Enter date / party and amount.
4. Select the
account head, which you want to credit e.g. “Rebate and Discount”. No GST Class
should be attached with this account.
5. Enter the amount in debit column and
Save the entry.
Note: Doc. Number shall not appear in GSTR-1 in case of METHOD-1.
METHOD-2: –
1. Go to GST Docs -> Credit Note.
2.
Click on “F9: New” to create new credit note.
3. Enter date / party
information etc.
4. Create an Item e.g. “Rebate and Discount”.
5. Specify
“Not Applicable” under the column GST Rate.
6. Specify A/c Head where the
amount is to be posted. No GST Class should be attached with this account.
7.
Create Credit Note and select “Rebate and Discount” as item.
8. Amount will
be debited to the A/c Head specified in Item Master and Credited to the
Party.
Note: Doc. Number shall be included in Doc. Numbers (part-13) of
GSTR-1, in case of METHOD-2.