23 March 2024
Is a taxpayer liable to pay interest on deffered tax for a previous F.Y.(2019-20) under GST if the said tax is paid using input tax credit available in the current FY through DRC-03 while the same credit wasn't available in the related FY(2019-20)?
18 April 2024
Yes, relevant provisions under sec 50 read with rule 88B since this case is not of delayed filing of 3B but delayed reporting of tax liability.
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