DRC 03 Which section

Form DRC-03 is filed for making a voluntary payment of outstanding liabilities u/s 73 and 74 of the CGST Act. A taxpayer can self ascertain the tax before issuance of SCN or within 30 days of SCN determination to avoid the hassles of demand and recovery provisions.

Section 73 - deals with cases where there is non-payment/under-payment of tax without any intention or invocation of fraud.

Section 74 - deals with cases where there is non-payment/under-payment of tax with intention or invocation of fraud

Point to note: All the payments 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.