Chartered Accountants · Kolkata · Since 2007 +91 98305 33138gaurav@ggoenka.com

27. Net tax payable.

(1) After determination of output tax liability and input tax credit, the taxable person shall determine his net tax liability, if any, for the tax period or return period in accordance with the provisions of section 15 of the Act.

(2) A registered person shall determine his tax liability for the tax period or return period in accordance with the provisions of section 12 of the Act.

Reference copy from the firm’s resource library, saved on 26 October 2026. Laws, rates and notifications change — for the current position on your matter, please talk to us. Back to the Knowledge Bank.