DRC01C in Gst

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Form DRC-01C is an intimation issued in GST when there's a significant difference between the Input Tax Credit (ITC) available in GSTR-2B and the ITC claimed in your GSTR-3B or GSTR-3BQ. If this difference exceeds a set threshold, you must file Part B of Form DRC-01C to explain and resolve the discrepancy.

binu sukumaran

binu sukumaran (Querist)
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05 November 2023 Sir,
New update heard about DRC01c in gst in relation with Gst monthly return. Let's me know the details.
With regards
Binu

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 November 2023 If there is a difference between the ITC available as per GSTR-2B and ITC claimed in GSTR-3B/3BQ that exceeds a pre-defined limit, you will receive an intimation in Form DRC-01C. In such cases, it is mandatory to file Form DRC-01C Part B to provide the necessary details and reconcile the difference.

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binu sukumaran

binu sukumaran (Querist)
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06 November 2023 Sir,
Thanks for the valuable information.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 November 2023 You are welcome..
...

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