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

Taxpayer Corrects GST Underpayment from 2017-18; Must Report in GSTR-9, Pay Interest and Penalties A taxpayer inquired about correcting an underpayment of GST for the 2017-18 fiscal year, where taxes were initially paid at 12% instead of 18%. The remaining 6% was paid via DRC-03 in March 2019. The taxpayer sought advice on reporting this liability in GSTR-1 or GSTR-9 and potential penalties. Respondents advised disclosing the payment in GSTR-9, noting that it cannot be reported in GSTR-1 or 3B due to timing restrictions. It was suggested to pay interest and penalties, and there was no provision to show such payments in GSTR-3B.