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Use of Drc 03


asif shaikh   19 September 2019

asif shaikh

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can I use gst itc credit ledger balance of August 2019 to payment of wrongly taken itc of 2017/18 and 2018/19 through Drc 03.please guide.

prasad Nilugal (Accountant and GST Practitioner . )     19 September 2019

prasad Nilugal
Accountant and GST Practitioner .  
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1)No  ,  I don,t  think  so. you have to pay in cash only 

2) You  have  reverse  the ITC  in Table 7H (1)  of GSTR 9 ( see  help section in Table 7  of GSTR 9) 

3) Payment  in cash  ledger 

4) File  DRC03  for set off    

please confirm with others also 

 


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