Dear Sir,
Kindly guide us on this, We missed some of the debit note ( Incremental outward liabilities) belongs to Aug and dec 2023 month. Now what should we do, considered them in the current month and pay the differcial tax ??
Yes, considered in current month and pay the differential tax.
DRC-03 can be filed to pay only the interest portion, If you have sufficient credit in your ledger, you can pay the GST amount from this balance and do not need to make the payment in cash.
Interest at 18% per annum will be charged from the month of actual liability to the current month in which you want to pay (June-24) (August to June 2024 or December to June 2024, as applicable to your case).
Okay, you're welcome
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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