GST Form DRC-03
Overview
GST Form DRC-03 is a voluntary tax payment form whereby the taxpayer can make the payment voluntarily or in response to the show-cause notice issued by Government Department.
GST Form DRC-03 is governed by sub-rule (2) and (3) of Rule 142 of CGST Rules,2017.
Payment in Form DRC-03 can be made either before the issuance of SCN or within 30 days from the issuance of SCN.
Note: If SCN is issued, then payment needs to be made in full against the liability raised in SCN. GST portal does not permit partial payment in Form DRC-03.
An acknowledgement will be generated by a Proper officer in GST Form DRC-04 upon making payment in GST Form DRC-03.
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Following options under “cause of payment” are available
- Voluntary
- Show Cause Notice
- Annual Return
- Reconciliation Statement
- Liability Mismatch – GSTR-1 to GSTR-3B
- ITC Mismatch – GSTR-2A/2B to GSTR-3B
- Others
Following options for “sections” will be available after selecting the “Cause of Payment”
[su_table]
| Cause Of Payment | Section Number | Description |
| Voluntary | 73(5) | Tax + Interest u/s 50 (for any reason other than fraud) |
| 74(5) | Tax + Interest u/s 50 + 15 % Penalty (by reason of fraud) | |
| 52 | Collection of tax at source | |
| 75 | General provisions relating to determination of tax | |
| 76 | Tax collected but not paid to Government | |
| 122 | Penalty for certain offences | |
| 123 | Penalty for failure to furnish information return u/s 150 | |
| 124 | Fine for failure to furnish statistics u/s 151 | |
| 125 | General penalty | |
| 127 | Power to impose penalty in certain cases | |
| Show Cause Notice | 73(8) | SCN for Tax + Interest u/s 50 (for any reason other than fraud)(30 days time limit) |
| 74(8) | SCN for Tax + Interest u/s 50 + 25 % Penalty (by reason of fraud)(30 days time limit) | |
| 63 | Assessment of unregistered persons | |
| 76 | Tax collected but not paid to Government | |
| 122 | Penalty for certain offences | |
| 123 | Penalty for failure to furnish information return u/s 150 | |
| 124 | Fine for failure to furnish statistics u/s 151 | |
| 125 | General penalty | |
| 127 | Power to impose penalty in certain cases | |
| 129 | Detention, seizure and release of goods and conveyances in transit | |
| 130 | Confiscation of goods or conveyances and levy of penalty | |
| Annual Return | 73(5) | Tax + Interest u/s 50 (for any reason other than fraud) |
| Reconciliation Statement | 73(5) | Tax + Interest u/s 50 (for any reason other than fraud) |
| Liability Mismatch – GSTR-1 to GSTR-3B | 73(5) | Tax + Interest u/s 50 (for any reason other than fraud) |
| ITC Mismatch – GSTR-2A/2B to GSTR-3B | 73(5) | Tax + Interest u/s 50 (for any reason other than fraud) |
| Others | Others | N.A. |
[/su_table]
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- 50th GST Council Meeting - 11/07/2023
- GST Compliance Calendar of October 2023 - 01/04/2023
- GST sections amended in Finance Act 2023 - 27/03/2023
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