03 December 2021
Notice to reverse the ITC till March 2021
We have received the notice from the GST office to reverse the ITC up to 19 lakhs from July-17 to Mar 21. As per their notice we have a shot reverse of the ITC to the extent of Rs 19.10 Lakhs. Same requested to reverse immediately under DRC-03.
Please guide us how to reverse the same for FY 2020-21.
03 December 2021
Yes reversal option is there in DRC 03. Yes DRC 03 is for payment. It's online through portal.
Login to the GST Portal with valid credentials. Click the Services > User Services > My Applications option. 2. Select the Intimation of Voluntary Payment - DRC - 03 from the Application Type drop-down list.
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