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Regarding DRC 03
Is it necessary for small gst tax payer with turnover upto 20 lakh to fill DRC 03 form if no liabilities & late fees computed.
Replies (4)
yes it's mandatory for all the registered tax payers
Dear Mathur :
What is DRC 03 :
DRC-03 enables a taxpayer to make voluntary payments, before issue of notice u/s 73 or 74 of the CGST Act, 2017 or within 30 days of issue of show cause notice (SCN). Facility to intimate payment made voluntarily or made against SCN
So it's mandatory only in case if anyone liability to discharge.
Hence if there is No Liabilities arising no need file DRC 03 .
Note: Annual form do not compute any liability , it's has to compute manually and any liability is arises ,has to pay & setoff by filing DRC 03
What is DRC 03 :
DRC-03 enables a taxpayer to make voluntary payments, before issue of notice u/s 73 or 74 of the CGST Act, 2017 or within 30 days of issue of show cause notice (SCN). Facility to intimate payment made voluntarily or made against SCN
So it's mandatory only in case if anyone liability to discharge.
Hence if there is No Liabilities arising no need file DRC 03 .
Note: Annual form do not compute any liability , it's has to compute manually and any liability is arises ,has to pay & setoff by filing DRC 03
Thank you @ Akshay Jain
Welcome sir
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