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How to pay gst net tax liability interest

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(Querist)
09 July 2020 sir how to pay gst net tax liability interest thru drc or gstr 3b and interest rate
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CA Shubhi Khandelwal

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CA Shubhi Khandelwal (Expert)
09 July 2020 Net Tax Payable shall be: Total Output Tax Liability- Total Input Tax Credit (for respective months) and the interest shall be levied on the net tax payable
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kameswararao

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kameswararao (Querist)
09 July 2020 thank you very much and interest rate percentage madam
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CA Shubhi Khandelwal

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CA Shubhi Khandelwal (Expert)
09 July 2020 18% p.a
But if return is filed according to the recent notifications during the corona pandemic, it will change. I mean there are less rate of Tax@9% if notifications are complied.
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kameswararao

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kameswararao (Querist)
09 July 2020 madam interest paid through drc -03 or current return gstr3b
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CA Shubhi Khandelwal

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CA Shubhi Khandelwal (Expert)
09 July 2020 For which period is the liability?
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kameswararao

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kameswararao (Querist)
09 July 2020 jul 2017 to mar 2019
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CA Shubhi Khandelwal

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CA Shubhi Khandelwal (Expert)
09 July 2020 Are GSTR-9 returns filed for both the years?
FY 2017-18 & FY 2018-19??
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kameswararao

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kameswararao (Querist)
09 July 2020 yes filed madam (fy 17-18 and 18-19)
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