Radha & Co. LLP has declared the tax liability of INR 10 Cr in GSTR-1 but could not pay the same in GSTR 3B. Now it wishes to pay the same in instalments. Can it do so?
As per the law, the amount due as per the liability self-assessed in any return can not be paid in the instalments. Liability declared in GSTR 1 is not the liability self-assessed in return. Therefore Radha & Co. LLP can file the application in DRC-20 seeking an extension of time for the payment of taxes or any amount due under the Act or for allowing payment of such taxes or amount in installments in accordance with the provisions of section 80.