TaxTMI 
TaxTMI 
Short payment of GST discharged through next year's GSTR3B
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....hort payment of GST discharged through next year's GSTR3B<br> Query (Issue) Started By: - Sudhir Kumar Dated:- 18-1-2024 Last Reply Date:- 17-5-2024 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>If a taxpayer has short paid GST liability in 3B for 2018 19 in comparison to the liability declared in GSTR-1 can discharge such short payment through excess payment of liability in 3B in compar....
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....ison to the liability declared in GSTR-1 for 2019 20 Reply By Shilpi Jain: The Reply: There is no bar under the law in paying short paid tax in GSTR-3B though it is suggested to pay through DRC-03 so that it is easily identifiable to be a liability of PY paid in CY. Another option would be to pay through GSTR-3B and disclose the same in Part V of GSTR-9 Reply By KASTURI SETHI: The Reply: It i....
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....s another way of self adjustment which is related to your earlier query on this very issue. I also concur with the reply of Madam Shilpi Jain. DRC-03 is the best mode of payment. It is safer than GSTR-3B. Avoid notice or letter from the department on any aspect or issue. Reply By Amit Agrawal: The Reply: Kindly refer to Section 39(9) of the CGST Act, 2017 as well as Circular No. 26/26/2017-GST.....
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.... Reply By Keshew Aggarwal: The Reply: One of my client has short paid liability in GSTR-3B in 2017 august, however when mistake caught auditors attention, immediate action was taken to pay balance tax correctly in 2018 September. Now the GST department has issued scn u/s 73 for interest payment @18% pa on the tax amount paid for august 2017. do we have any relevant notification to reduce this li....
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....ability. As tax is already paid correctly. We have balance equivalent to tax liability in ECL for 9 months, please guide.<br> Discussion Forum - Knowledge Sharing ....