DRC 03 OR GSTR 3B OF NEXT YEAR

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This discussion addresses how to pay outstanding GST liability from FY 2018-19 where sales were declared in GSTR-1 but tax wasn't paid in the relevant GSTR-3B. The recommended approach is to use Form DRC-03, selecting 'voluntary' as the cause of payment. This ensures the purchaser can still avail Input Tax Credit (ITC), and the payment details will be reconciled in the annual return (GSTR-9C).

monika

monika (Querist)

21 May 2020 IN FY 2018-19 I HAVE UPLOD SALE BILL IN GSTR 1 OF Q4 2018-19
BUT NOT PAY TAX IN FY 2018-19 GSTR 3B

SO PLEASE TELL ME THAT HOW TO PAY TAX NOW

OPTION -1
PAY TAX THROUGH NEXT YEAR FY 2019-20 GSTR 3B (MARCH 20 GSTR3B IS DUE TO FILL TILL NOW)

OPTION -2
PAY TAX THROUGH DRC -03

IF DRC 03 WHAT WILL BE CAUSE OF PAYMENT VOULANRY OR OTHER
CAN SELCT SECTION 73 (5)

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 May 2020 Choose option 2 and cause of payment will be voluntary.
Include this payment in annual return.

monika

monika (Querist)

21 May 2020 THANK YOU SIR FOR REPLY

SIR THERE ARE ANOTHER CONFUSION
IF I PAY THRUOGH DRC 03 WILL ITC AVAILBE TO PURCHASER?

AND

THERE ARE NO COLUMN IN GSTR9 (ANUAL RETURN ) TO FILL DRC 03 PAYMENT DETAIL

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 May 2020 ITC will be available to the purchaser as you filed GSTR 1 including the invoice.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 May 2020 DRC 03 payment shall be reported during reconciliation in FORM GSTR-9C.

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