Payment of taxes through DRC-03

[KARAN VERMA]

Dear Sir

In 2017-18, i have paid taxes @ 12% instead of 18%. Liability shown both in 3B and R1 @ 12%.

Balance 6% deposited by way of DRC-03 on 25-03-2019.

Now, how i shown such liability in GSTR-1 or GSTR-9.

Is there any penalty if i have shown in returns today.

What should i do ?

[PAWAN KUMAR]

as per my view you need to show the same in GSTR-9 and pay the interest and penalty as well.

[KARAN VERMA]

Sir i have already paid taxes through DRC-03 along with interest.

Whether A.O. levy any penalty for not showing debit notes in GST returns.

[PAWAN KUMAR]

As per my view please furnish the details in GSTR-9

[Guest]

1. The amount paid through DRC-03 can be disclosed in GSTR 9 (refer clause 'a' of press release dated 3rd July, 2019 and clause 'd' of 4th June, 2019)

2. Since the amount is relating to FY 2017-18, the same cannot be disclosed in GSTR 1/3B now ( in accordance with sec 37 (3) and sec 39 (9) of CGST Act, 2017).

[PAWAN KUMAR]

yes, you may disclose in GSTR-9 of FY 2017-18. No such provision in GSTR-3B to show such details of payment made thru. DRC-03.

AI Summary

DRC-03 payment disclosure: include in annual GSTR-9, not amend past GSTR-1/3B; pay interest and possible penalty. DRC-03 payments for previously under-declared GST should be disclosed in the annual return for the relevant year (GSTR-9) and cannot be added to or amend past transactional returns (GSTR-1 or GSTR-3B); interest on the shortfall must be paid and penalties may be levied for non-declaration or delayed compliance.