banner_ad

Payment through DRC3

Others 414 views 3 replies
User Avatar

CA
116 Points Posted on 20 January 2020
Can we make payment of liability raised in GSTR9C by using ITC balance in DRC3
0 Reply Share Follow
On 20 January 2020 at 10:21 Report
Replies (3)
User Avatar

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.
Reply
On 20 January 2020 at 10:33
User Avatar

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
Reply
On 20 January 2020 at 10:51
User Avatar

CSR
72 Points Posted on 20 January 2020
Liability arising due to annual return has to paid in cash only
Reply
On 20 January 2020 at 11:38


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details