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Payment through DRC3

vijaykumar sindhi (68 Points)

20 January 2020  
Can we make payment of liability raised in GSTR9C by using ITC balance in DRC3

 3 Replies

Dilip Bhandarkar (Student) (55 Points)
Replied 20 January 2020

All the payments in Form DRC-03 need to be made either from input tax credit available in electronic credit ledger or cash balance available in the electronic cash ledger. But, in case of interest and penalties ITC utilisation is not available. It has to be compulsorily paid in cash.

vijaykumar sindhi (68 Points)
Replied 20 January 2020

But as per instructions given in GSTR9 and GSTR9C, payment should be made in cash only through DRC3

Aalam Sheikh (CSR) (61 Points)
Replied 20 January 2020

Liability arising due to annual return has to paid in cash only

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