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REGARDING DRC 03

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Meet Shah

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69 Points Posted on 19 December 2020

IF AN ASSESSEE HAS PAID 3% GST AND 3% PENALTY THROUGH DRC 03, CAN HE TAKE INPUT TAX CREDIT OF 3% GST PAID THROUGH DRC 03 ??

THANKS IN ADVANCE.

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Quick Summary

This discussion clarifies whether an assessee can claim Input Tax Credit (ITC) for GST paid through Form DRC-03, along with a 3% penalty. The consensus is that ITC cannot be claimed for GST paid this way. This raises a follow-up question about whether the tax needs to be paid again when filing the GSTR 3B.