Can We Declare Missed Exempt Outward Supply Through DRC 03

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58 Points Posted on 11 June 2021
Can We Declare Missed Exempt Outward Supply Through DRC 03 in Next Financial Year.
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On 11 June 2021 at 21:16 Report
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This discussion clarifies how to handle missed exempt outward supplies. It's confirmed that you cannot declare these through Form DRC-03. Instead, the correct approach is to disclose the accurate figures when filing your annual return for the relevant financial year.

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GST Consultant
15986 Points Posted on 11 June 2021
Yes that is the correct way.......
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On 11 June 2021 at 21:23
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GST Consultant
15986 Points Posted on 11 June 2021

Sorry I didn;t see it was exempt supply.

No need to file DRC-03

Just correct it in your annual return

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On 11 June 2021 at 21:28
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Chartered Accountant in Practice
1260 Points Posted on 12 June 2021

You cannot correct through DRC-03. You can disclosure the correct figure while filing the annual return.

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On 12 June 2021 at 12:44

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