I have received a intimation of DRC-01-A from GST. I don't understand the intimation. Please help me to resolve this intimation.
D.Ravichandran
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DRC-1A Intimation
Replies (3)
Quick Summary
Reply in part b of drc 01a within 15 days else you have to pay penalty as mentioned in this notice.
Take professional advice.....
DRC-01A is a pre-SCN intimation:
• Form DRC-01A (Rule 142(1A)) intimates the tax, interest and penalty ascertained by the officer before issuing a show-cause notice. It gives you the opportunity to pay (via DRC-03) or file objections in Part B.
• Read Part A for the issue (e.g. ITC mismatch, short payment). If you agree, pay through DRC-03 (penalty is lower or nil under Sec 73(5)). If not, reply in Part B with reasons and documents.
• If you don't respond, an SCN (DRC-01) will follow under Sec 73/74.
• Since October 2022 (amendment), DRC-01A has become optional for officers. If received, it's an opportunity to settle early.
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