What is the GST treatment for 'Discount on Purchases' ledger having Credit Balance?
Will GST be payable on it?
Please help. Thanks 🙏
2 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 May 2023
The credit note reced is included GST then need to reverse the ITC also & accordingly tax need to be paid
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