Suppliers
Supplier records, balances and credit limits.
A supplier holds contact details, GSTIN, state code, an opening balance and an optional credit limit.
The state code matters for the same reason it does on the company profile: it decides whether a purchase from that supplier is IGST or CGST + SGST.
What you owe
The payables report shows each supplier's outstanding balance: their opening balance, plus purchases, less debit notes and payments made. Cancelled vouchers are excluded.