Payment through DRC3

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CA
116 Points Posted on 20 January 2020
Can we make payment of liability raised in GSTR9C by using ITC balance in DRC3
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On 20 January 2020 at 10:21 Report
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This discussion clarifies how to make payments for liabilities raised in GSTR9C using Form DRC-03. While most payments can be made using your Input Tax Credit (ITC) balance or cash ledger, interest and penalties must be paid in cash only. Payments for liabilities arising from the annual return also require cash.

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Student
55 Points Posted on 20 January 2020
All the payments in Form DRC-03 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.
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On 20 January 2020 at 10:33
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CA
116 Points Posted on 20 January 2020
But as per instructions given in GSTR9 and GSTR9C, payment should be made in cash only through DRC3
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On 20 January 2020 at 10:51
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CSR
72 Points Posted on 20 January 2020
Liability arising due to annual return has to paid in cash only
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On 20 January 2020 at 11:38

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