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Intrest on output Liblity of fy 18-19

Neelam Yadav (44 Points)

09 October 2019

how to pay output Liblity of 18-19 in 3b of sep19... what is the intrest.. how does it calculate?

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CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 10 October 2019

Hi Neekam

simply include taxable value and tax in 3.1 tabke of gstr 3b along with sepember turnover. and pay tax.

this is a reconciliation item at the time of filing annual return.

further interest is 18% p.a on gross output tax liability for the 18-19 period.

for more clarification kindly write to me at sthayin @ gmail with details in numbers

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