Output tax liability added for unrectified discrepancy, requiring the supplier to pay the tax and interest promptly. If a communicated discrepancy is not rectified by the supplier in a valid return for the month of communication, the supply's value is added to the ... Summary
Output tax liability added for unrectified discrepancy, requiring the supplier to pay the tax and interest promptly.
If a communicated discrepancy is not rectified by the supplier in a valid return for the month of communication, the supply's value is added to the supplier's output tax liability for the succeeding calendar month; the supplier must pay the tax and interest on the added amount from the original due date until payment.
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