Manner of dealing with difference in liability reported in statement of outward supplies and that reported in return

Manner of dealing with difference in liability reported in statement of outward supplies and that reported in return https://www.taxtmi.com/acts?id=41158 Difference between tax payable in the outward supply statement and the return is dealt with through electronic intimation in FORM GST DRC-01B. The registered person must either pay the differential tax liability with interest through FORM GST DRC-03 or explain the difference within seven days. On receipt of the intimation, the person may make full or partial payment and record it in Part B of FORM GST DRC-01B, or furnish reasons for any unpaid portion. Unpaid amounts without an acceptable explanation become recoverable under the recovery provisions. en-us Tue, 27 Dec 2022 17:06:10 +0530 Sat, 27 Jun 2026 13:42:34 +0530 TaxTMI RSS Generator Manner of dealing with difference in liability reported in statement of outward supplies and that reported in return https://www.taxtmi.com/acts?id=41158 Difference between tax payable in the outward supply statement and the return is dealt with through electronic intimation in FORM GST DRC-01B. The registered person must either pay the differential tax liability with interest through FORM GST DRC-03 or explain the difference within seven days. On receipt of the intimation, the person may make full or partial payment and record it in Part B of FORM GST DRC-01B, or furnish reasons for any unpaid portion. Unpaid amounts without an acceptable explanation become recoverable under the recovery provisions. Act-Rules GST Tue, 27 Dec 2022 17:06:10 +0530 https://www.taxtmi.com/acts?id=41158