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Rebate Settlement Post GST

We have come across an issue for Rebate Settlement Post GST and need your expertise guidance on the way forward.

Problem Description:

Our client wants to gives Volume Discount and to achieve the same, we have suggested and incorporated Rebate Agreements for the same.

Standard Methodology:

As per standard SAP, the amount gets accrued with each invoice raised and when Rebate Settlement is executed, if the customer qualifies, a single credit memo is generated for all the invoices with the accrued amount.

Client Requirement:

It is mandate as per GST, to have a one to one relationship for invoice and credit memo, i.e. for each invoice credit memo needs to be generated.

I would request you all, kindly let me know a way forward or suggest me, how it has been handled in your engagements/projects post GST.

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2 Answers

  • Dec 04, 2017 at 06:00 AM

    ****It is mandate as per GST, to have a one to one relationship for invoice and credit memo, i.e. for each invoice credit memo needs to be generated*****

    Please recheck with your business team on this.(Not a GST deprived rule-may be some gap in understanding the GST Law)

    Note:If a customer got 10K Sales invoices-Business cant provide 10K credit notes on one to one basis.

    GST asks *If a credit/debit note raised -What is the Reference document*-Nothing more than this.

    Please confirm this to us..

    Phanikumar

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    • ****for each credit memo, there needs to be reference document which is this case happens to be multiple invoices****

      Where they want this reference document(i mean, they want in the Credit note print or any GST registers-Just confirm with business heads...)

      Both the cases-you can always do that with a Text in Billing documents..

      Phanikumar

  • Dec 04, 2017 at 11:31 AM

    You can very well corelate the source document in billing document via VBRP-VGBEL

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