Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 12/2024 Central Tax dated July 10, 2024, to further amend Rule 142 of the CGST Rules. This amendment, effective from July 10, 2024, specifies the procedures for handling voluntary tax payments made by registered taxp
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FAQ :
Rule 142 of the CGST Act has been updated to introduce new electronic procedures for handling voluntary tax payments, issuing acknowledgments, and managing the Electronic Liability Register.
The amendments to Rule 142 of the CGST Rules are effective from July 10, 2024.
When a taxpayer makes a voluntary payment before receiving a notice or statement, they inform the proper officer using FORM GST DRC-03, and the acknowledgment in FORM GST DRC-04 will now be available electronically through the common portal.
FORM GST DRC-03A is a new electronic application that allows taxpayers to have voluntary payments of tax, interest, penalty, or other due amounts credited to their Electronic Liability Register (FORM GST PMT-01).
No, if an order concluding the proceedings in respect of the payment has already been issued (in FORM GST DRC-05), an application in FORM GST DRC-03A cannot be filed for that same payment.
If a taxpayer has made a partial payment or wishes to file submissions against a proposed liability, they can use Part B of FORM GST DRC-01A. The proper officer may then issue an intimation in Part-C of FORM GST DRC-01A.
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