Notice to reverse the ITC till March 2021
This query is : Resolved
Quick Summary
Avinash Jeevan Dsouza
(Querist)
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.
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.
CA R SEETHARAMAN
(Expert)
03 December 2021
Reverse it under DRC 03.
Avinash Jeevan Dsouza
(Querist)
03 December 2021
In DRC 03 there is option to reverse ? DRC 03 for payment right ?
can you please guide me? Is it offline or online through portal?
can you please guide me? Is it offline or online through portal?
CA R SEETHARAMAN
(Expert)
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.
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.
Avinash Jeevan Dsouza
(Querist)
03 December 2021
Ya got it. What is cause of the payment ?
CA R SEETHARAMAN
(Expert)
03 December 2021
Notice from GST office.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
