What is the GST treatment for 'Discount on Purchases' ledger having Credit Balance?
Will GST be payable on it?
Please help. Thanks 🙏
Menu
Discount on Purchases - Credit Balance
Replies (2)
Quick Summary
The credit note reced is included GST then need to reverse the ITC also & accordingly tax need to be paid
What is the meaning of performance appraisals
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
