Dear Experts,
Can you tell me how to calculate payable GST, as in VAT Era we was able to Direct see the Computation for Payable Vat.
Thanks
The electronic liability register or GST PMT-01 of a taxpayer is made available on the GST Common Portal for the taxpayers ready reference. The electronic liability register is debited for:
Amount payable towards tax, interest, late fee or any other amount payable as per the return furnished by the taxpayer;
Amount of tax, interest, penalty or any other amount payable as determined by a proper officer in pursuance of any proceedings under the Act or as ascertained by the taxpayer;
Amount of tax and interest payable as a result of mismatch under section 42 or section 43 or section 50; or
Amount of interest that may accrue from time to time.
CAclubindia
