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Drc 003 payment show in gstr3b ?

Return 1299 views 8 replies

vishnuvidhu

staff

125 Points Posted on 26 February 2019

we filed gstr 3b and gstr1 . 2017-2018 year in three month return's we shown sales amount gstr1 return more than high gstr 3B. so find out error and we voluntary paid through Form DRC-03 in our avalible itc credit adjust .
if will show any further month in gstr3B, ?

Replies (8)

Siva Raj

358 Points Posted on 26 February 2019

no need not required

Pankaj Rawat

GST Practitioner

55067 Points Posted on 26 February 2019

Absolutely not required .... keep the Printout of DRC 03 & cash ledger

Siva Raj

358 Points Posted on 27 February 2019

dear Pankaj sir, interest is applicable for wrongly availed ITC in Tran-1, whether we have to pay interest for wrongly availed or wrongly utilised

Pankaj Rawat

GST Practitioner

55067 Points Posted on 27 February 2019

Yes ...............As per Section 50 CGST act it's 24%.

plz deposit , & Setoff again by filing Drc 03

Siva Raj

358 Points Posted on 27 February 2019

for example, Rs.10000 am wrongly availed ITC in Tran-1, but i am utilised Rs. 5000 only remaining lying in credit ledger. now I found it was wrong credit. so I want reverse through DRC 03 as per section 73(5). guide me how much interest is applicable whether 5000 or 10000 as per section 50.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 27 February 2019

NO.... YOU HAVE TO CHARGE INTT. ON 10000/- (THE CREDIT LEDGER IS YOUR ACCOUNT WHETHER YOU U HAVE UTILISED IT OR NOT IS NOT MATTER)

subhagan sreerangam

7059 Points Posted on 01 March 2019

thank you and congratulations

Mohan Bagalkot

Tax Consultant

233 Points Posted on 31 December 2019

One of our Client GSTIN was cancelled. We applied for Revocation after all filing pending returns i.e., till SEP19. But, Officer demanded to make payment of liability for the month of OCT19 & NOV19 through DRC-03 and we paid. Now, our GSTIN is Active but how to adjust payment done through DRC-03 in GSTR3B. Can we claim amount paid through DRC-03 as ITC in GSTR3B. Because, Officer is not supporting us to how to take credit of amount paid through DRC-03 in GSTR3B. We are totally confused with this Issue. Can somebody help me to how to proceed with this issue.