Two types of GST payments
This query is : Resolved
TARIQUE RIZVI
(Querist)
11 February 2020
What is basically DRC-03 in GST Returns ?
What is the basic difference between DRC-03 and normal voucher.
When we want to pay GST liability through GSTR-3-B, we create voucher and pay.
As in which situation GST liability is paid through DRC-03 ?
Please guide us and oblige.
What is the basic difference between DRC-03 and normal voucher.
When we want to pay GST liability through GSTR-3-B, we create voucher and pay.
As in which situation GST liability is paid through DRC-03 ?
Please guide us and oblige.
Akash Monwani
(Expert)
11 February 2020
DRC is used to settle the libility which is pending under Section 73 & 74 i.e. non payment or under payment of tax
It is also used to pay the liability arising in Annual Return
It is also used to pay the liability arising in Annual Return
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