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under declaration of tax - Goods and Services Tax - GSTExtract respected sir, one of my dealer received letter/ intimation from department asking to pay under declared gst amounting to rs 1,20,600 and interest @18% for fy 2020-21. and after verification of books of accounts we found that , tax demand is genuine and we decided to pay. 1. i have excess of input tax credit laying in my electronic credit ledger now. can i pay the tax due for fy 2020-21 by utilizing present input tax credit ?. i heard different opinions. 2. whether i need to pay interest or not ( in the light of interest waiver announcement made by financial minister .) please discuss. thanking you
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