Form DRC-03A: Purpose, Appropriation of Payment and Filing Process CBIC Clarifies Wavier of Interest and Penalty under CGST Act RCM Time of Supply Rule Changes Effective from November 1 Now, let us look at GST due dates for December 2024. Here is a comprehensive image of our December GST Du...
“Goods transport agency” services are covered under RCM provisions, so service receiver need to pay GST in this case and you can claim ITC of such tax in the next month of payment. Reply Bharat December 31, 2017 at 7:30 pm Respected Madam,...
In October 2024, GST collections reached INR 1.87 lakh crores. Read PDF GST Notification No. 12/2024 enables the use of the DRC-03A form for adjusting or offsetting voluntary payments against a demand order. If you have previously used a DRC-03 form, submit a DRC-03A form to complete the...
Taxpayers using DRC-03 earlier are required to submit DRC-03A to complete the adjustment process. Top GST News for the month of October 2024 October 2024 has been an eventful month for GST updates in India, with significant changes impacting businesses and taxpayers alike. These updates reflect ...
F: Excess Payment in GST Amnesty: No Need to Revise DRC 03, Portal Automa... F: Supplier Overcharges Railways; Credit Note Suggested for GST Refund Un... T: Finance Bill 2025: Major Tax Amendments on Securities, Offshore Deriva... ...
DRC-01 Demand of tax Pay amount in DRC-03 30 days Higher penalty or prosecution 17 DRC-10/17 Auction of goods for tax recovery Pay outstanding demand As specified E-auction 18 DRC-11 Payment by successful bidder Pay bid amount 15 days Re-auction 19 DRC-13 Recover...
New Section 128A:Waiver of interest/penalties for non-fraud demand notices if paid by 31st Mar 2025. Demand Notices and Penalties: Sections 73 & 74 Changes:Unified time limit and extended penalty payment period from 30 to 60 days. Monetary Limits for Appeals: ...
The taxpayers shall bear in mind that the department can consider this as a case of erroneous refund and recover the same along with interest under Section 73. Therefore it is advisable that taxpayers should repay excess refund along with interest through DRC-03 and intimate proper officer in ...
Message will be displayed to directly navigate to Form DRC-03, to pay additional liabilities, if any declared in Form GSTR-9. Note: File button gets enabled only if you have: No “additional cash (which)) is required” to pay for late fees, if any. ...
10. Will I get any intimation, in case, Bank Account validation has failed? Yes, you will receive SMS and e-mail on your registered e-mail ID and Mobile number, in case, Bank Account validation has failed. 11. Will I get any intimation, in case, Bank Account validation is successfully...