Discount on Purchases - Credit Balance

What is the GST treatment for 'Discount on Purchases' ledger having Credit Balance?

Will GST be payable on it?

Please help. Thanks 🙏
Replies (2)
Quick Summary
This discussion seeks clarification on the Goods and Services Tax (GST) treatment for a 'Discount on Purchases' ledger that has a credit balance. The user is asking whether GST is payable in such a scenario. They also mention that if a credit note received includes GST, the Input Tax Credit (ITC) needs to be reversed, and the corresponding tax paid.

The credit note reced is included GST then need to reverse the ITC also & accordingly tax need to be paid
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