GSTR 9 Liability

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172 Points Joined July 2017
I have to pay the liability in GSTR 9. If I pay the liability through DRC 03, how can I calculate the interest and penalty or it will come automatically ?
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On 21 June 2019 at 20:00 Report
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Chartered Accountant in Practice
1260 Points Joined June 2019
Interest should be computed manually at 18% from date when it was payable till the date of payment.
Penalty not required as it is voluntary payment
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On 21 June 2019 at 21:43
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358 Points Joined October 2018
if u reverse ITC availed means 24% p.a
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On 21 June 2019 at 22:47
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Chartered Accountant in Practice
1260 Points Joined June 2019
Yes. ITC reversal may attract 24%
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On 21 June 2019 at 22:58


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