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GST-DRC--3

userrr (Accountant) (137 Points)

29 July 2020

while filing DRC-3 u/s 73, should we use balance of credit ledger or we have to make payment only through cash ledger.

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2 Replies

CA ABHAY GUPTA (Practice) (3235 Points)
Replied 29 July 2020

Only cash ledger

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 29 July 2020

According to me, in filing DRC 03, 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.
And I think if ITC utilisation not allowed, than system will also not allowed you.