Dr03 payment for input tax repayment

Paying Tax on Closing Stock via DRC-03 To pay tax on closing stock via DRC-03:

1. *Determine the tax liability*: Calculate the tax liability on the closing stock as of March 31, 2019. 

2. *Fill DRC-03*: Fill the DRC-03 form online on the GST portal, providing the required details.

 3. *Select the correct tax head*: Select the correct tax head (CGST, SGST, or IGST) and the applicable tax rate.

1 4. *Make the payment*: Make the payment online through the GST portal using the "Pay Tax" option.

Additional Requirements - *Challan generation*: Generate a challan (CIN) after making the payment. - 

*Documentation*: Maintain documentation, including the DRC-03 and challan, for future reference. 

*Verify payment details*: Verify payment details, including the tax head, tax rate, and amount, to avoid any errors.

 By following these steps, you can pay the tax on closing stock via DRC-03.

First determine the last return filed. If it is successfully filed then on the basis of that pay tax liability . Fill up the firms and file the currentbreturns.