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...
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 process. View more 30th October 2024 An advisory on biometric-based Aadhaar authentication and...
I mistakenly have taken the higher credit due to we have taken transitional credit into the 3B, so the input gets doubled so what is to be done? if I reversed it in 3B the payment has to be made for the same, Can we resort to the form PMT-4 for the same? Reply SAG Infotech Ma...
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-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 Recovery from third party Deposit amount specified Not applicable Prosecution and penalties Most com...
DRC-03 Circular:Adjust demand amounts paid via DRC-03 against pre-deposit for GST appeals. Section 122(1B) Amendment:Clarified penal provision applicability for TCS-required e-commerce operators from 1st October 2023. New GST Section Additions ...
FORM GST DRC – 01: Summary of Show Cause Notice FORM GST DRC – 01A: Intimation of tax ascertained as being payable under section 73(5)/74(5) FORM GST DRC – 02: Summary of Statement FORM GST DRC – 03: Intimation of payment made voluntarily or made against the show cause notice (...
Form GST DRC 03 has been updated to include payment in DRC 03 against inspection, scrutiny, intimation of tax ascertained through FORM GST DRC-01A, Mismatch (Form GSTR-1 and Form GSTR-3B) and Mismatch (Form GSTR-2B and Form GSTR-3B) (Notification No. 37/2021 - Central Tax Dated ...
Therefore it is advisable that taxpayers should repay excess refund along with interest through DRC-03 and intimate proper officer in writing. Refund application by SEZ units As per section 54(3) read with Rule 89(1)(2) of CGST Rules,2007 in respect of supplies to a special economic zone ...