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Contract for repair

Pranav Mishrapranav mishra Staff asked 10 months ago

For a repair contract of a transformer Rs. 1,00,000/-. The following items are included:-

  1. Material  Cost   –  Rs. 80,000/-
  2. Labour Cost      –  Rs. 30,000/-
  3. Discount           –   Rs. 10,000/-
  4. payment made  –  Rs. 80,000/- by cheque
  5. Balance amount of Rs. 20,000/-  is adjusted with the scrap wire extract from the transformer  .                                                                                     The question is whether we have raised the bill for Rs. 80,000/- plus GST or for Rs. 1,00,000/- plus GST and the value of Scrap wire should be shown as payment.