Input tax credit conditions: deadlines and cash payment requirements for GSTR-3B and TRAN-1 filing specified. Registered persons electing to file FORM TRAN-1 within the extended window must: compute and deposit the tax payable for July in cash by the initial cutoff; file FORM TRAN-1 before filing GSTR-3B; and if GSTR-3B shows tax payable exceeding the initial deposit, pay the shortfall in cash by the final cutoff with interest from the day after the initial cutoff until payment. All GSTR-3B filers must discharge liabilities by debiting the electronic cash or credit ledger.
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Input tax credit conditions: deadlines and cash payment requirements for GSTR-3B and TRAN-1 filing specified.
Registered persons electing to file FORM TRAN-1 within the extended window must: compute and deposit the tax payable for July in cash by the initial cutoff; file FORM TRAN-1 before filing GSTR-3B; and if GSTR-3B shows tax payable exceeding the initial deposit, pay the shortfall in cash by the final cutoff with interest from the day after the initial cutoff until payment. All GSTR-3B filers must discharge liabilities by debiting the electronic cash or credit ledger.
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