Get Form Gst Drc 04

Cases of refund covered under the Rule 86(4B) The deposit of erroneous refund along with the applicable interest and penalty is to be made through Form GST DRC-03 by the taxpayer. Once the the Form GST DRC-03 is vetted by the proper officer, the order shall be passed by him in Form GST PMT-03A.

DRC-03 is a form under the GST law that is required to be filed for voluntary tax payments towards demand or tax shortfall noticed later on after the time limit to file returns of a financial year expires. CGST Rule 142(2) and (3) covers this form.

Rule 42 of the CGST Rules, 2017 deals with the reversal of input tax credit on account of non-payment of the supplier. As per the rule, if a taxpayer fails to pay the supplier within 180 days from the date of the invoice, the ITC availed earlier will be reversed, along with interest.

Once DRC-05 is issued, the officer will not have the option to issue one more order-in-original or DRC-07. DRC-05 is construed as the closure of proceedings and hence proper officer has to maintain the time limit of three years / five years as per Section 73/74 respectively.

View Issued Acknowledgement (GST DRC-04) Taxpayer can use this functionality to view the acknowledgement issued to them by the Tax Official, for the payment made against the issued notices/reports. The acknowledgement is available to view and download in the ACKNOWLEDGMENT (GST DRC-04) tab of Case Details page.

DRC-03 is a form used to file voluntary tax payments as defined by the GST law of the country. It is done when the government discovers a demand or deficiency of taxation after the deadline for filing tax returns for a financial year has passed. The DRC full form in GST is called the 'Demand and Recovery Forms'.

DRC-03 is a form under the GST law that is required to be filed for voluntary tax payments towards demand or tax shortfall noticed later on after the time limit to file returns of a financial year expires.

The person chargeable with tax may, before service of notice under sub-section (1), pay the amount of tax along with interest payable under section 50 and a penalty equivalent to fifteen per cent.

Steps to file DRC-20 Step 1: Log in to the GST portal. Step 2: Go to Dashboard>Services>User services>My application. Step 3: On the 'My Applications' page, select the type of application as 'Application for Deferred Payment/Payment in Installments' from the drop-down list.