PAYMENT OF DRC - 03
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
17 March 2023
MR. A HAD PAID DRC-03 RS.10000 WHILE FILLING OF GSTR- 9 FOR THE PERIOD 2018-19 FOR OUTWARD SUPPLY WHICH WAS NOT SHOWN BY MR. A IN GSTR-1.
WHETHER INTERST ON SUCH AMOUNT IS LIABLE ?
OR IS THEIR ANY EXEMPTION ?
WHETHER INTERST ON SUCH AMOUNT IS LIABLE ?
OR IS THEIR ANY EXEMPTION ?
CA R SEETHARAMAN
(Expert)
18 March 2023
Interest is payable on such late payment.
Suresh S. Tejwani
(Querist)
23 March 2023
WHAT IF DRC 03 IS PAID THROUGH CREDIT LEDGER
THEN ALSO INTEREST IS PAYABLE ?
THEN ALSO INTEREST IS PAYABLE ?
CA R SEETHARAMAN
(Expert)
23 March 2023
Yes, interest payable for the delayed payment.
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