Tax paid adjustment

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TAX CONSULTANT
152 Points Posted on 30 September 2020
penalty paid for late filing excess amount paid.it is adjustable to INTEREST payable
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On 30 September 2020 at 15:54 Report
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This discussion clarifies how penalties paid for late filing, specifically excess amounts, can be adjusted against interest payable. The correct procedure involves filing the PMT-09 form. This method has been confirmed as a valid way to manage these tax adjustments.

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GST Practitioner
55067 Points Posted on 30 September 2020
Yes file PMT 09
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On 30 September 2020 at 16:29
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TAX CONSULTANT
152 Points Posted on 30 September 2020
Clarrified,thanq you sir
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On 30 September 2020 at 16:38

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