DRC- 03 is used for both purposes i.e. either for reversing the input tax credit or payment of the additional tax, as shown in the annual return.
In this matter, it was alleged that the respondents had forced and threatened the writ applicant to transfer a total of INR 2.68 Crore through the GST DRC-03 form. The division bench consisting of Justices J.B.Pardiwala and Justice Ilesh J. Vora ordered to issue a notice to the respondent...