Find
Pay the additional tax with interest through DRC-03 before filing, and show it in GSTR-9C. Interest at 18 percent runs from the original due date.
GST
Additional tax found while preparing GSTR-9C
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Provisions
Rule 142(2), CGST Rules 2017; Sec 50(1), CGST Act 2017; Rule 80(3), CGST Rules 2017
Analysis
Suppose ₹4 lakh of sales were missed for October and the tax was ₹72,000. Pay ₹72,000 plus interest from 20 November to the payment date through DRC-03, choosing annual return as the cause. The GSTR-9 instructions ask for such additional liability to be paid through DRC-03 in cash; check the current instructions. Mention the payment in GSTR-9C.
Close
- Identify the shortfall and the month it relates to.
- Compute interest from the original due date.
- Pay through DRC-03 choosing annual return.
- Report it in GSTR-9C and keep the DRC-04.
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