Cash discount query

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     13 February 2021

1. Taxes always calculate cost of goods sold minus cash discount in invoice  only.
2. The invoice amount caculation will be as follows.
3. item price x item amount = item subtotal.
4. ( item subtotal - item discount ) + item tax = item total.
5. ( item total - invoice discount ) + invoice tax = invoice amount.

CA Altamush Zafar (GST Consultant)     13 February 2021