Debit Note with output

This discussion addresses how to handle missed debit notes from previous months (August and December 2023) that relate to outward liabilities. The advice given is to account for these in the current tax period and pay the differential tax. It clarifies that while DRC-03 is for interest, the GST amount itself can be paid from existing credit ledger balances if sufficient funds are available. Interest at 18% per annum will be charged on the delayed payment.