GST Form DRC-03

GST drc-03
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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”

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.

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About CA Ankita Khetan 163 Articles
Ankita is a Chartered Accountant in practice and holds a Diploma in IFRS (from ACCA, UK). She is also a Commerce PG and Certified Independent Director (from IICA). She holds a certification in Forex and Treasury Management. Her area of expertise is GST and Income tax. She is passionate about reading, writing, and sharing knowledge on areas related to finance and taxation.

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