Gst input not reduced for purchase discounts.Will this attract any interest,if yes whether 18% or 24%?
And also for this payment of Interest should I pay through DRC-03 or whether should I pay this interest while filing March return?
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Interest doubt
Replies (8)
Quick Summary
Interest is payablw @ 18 %
Pay this Interest while filling March Return.
Pay this Interest while filling March Return.
Intt @ 18 percent
Ok tq both
Interest rate is 24% in case of excess claim of itc as per section 50(1)
What if there is no sufficient input in march how can we reduce the input of purchase discounts that is not reduced
Reduce in april
Ok should I pay interest also in april
Yes pay interest in april.
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