ITC 03 form is filed by a taxpayer who has to pay an amount equal to the ITC through electronic credit or cash ledger. Payments may be on the account of ITC on: Input held in stock. Input contained in semi-finished goods or finished goods held in stock.

GST is a single tax on the supply of goods and services. ... GST will eventually replace all indirect taxes levied on goods and services by the central and state governments, and is expected to liberate India of its complex indirect taxation structure.

ITC 04 under GST is a form which has to be furnished by registered manufacturers, showing the details of inputs or capital goods dispatched or received from a job worker in a particular quarter.

Access the www.gst.gov.in URL. The GST Home page is displayed. Login to the GST Portal with valid credentials. Click the Services > Returns > ITC Forms command. The GST ITC Forms page gets displayed. ... Select appropriate section from the Section drop-down list. ... Click the PROCEED button.

Step 1: Log in to the GST common portal with your credentials. Step 2: Go to Services > User Services > My Applications. Step 3: Select 'Intimation of Voluntary Payment DRC-03' and click on 'New Application'.

As per the guidelines, every registered regular taxpayer has to furnish the GST returns on a monthly basis, and pay the requisite tax by the due date for payment of GST 20th of every month.

In case of demand notice, payment can be made by utilizing ITC and balance cash available in the Cash Ledger. The remaining liability needs to be paid in cash by creating additional cash challan. Interest and Penalty need to be compulsorily paid in cash.