Payment under DRC-03 on account of ASMT due to debit Note

[MANOHAR KALBURGI]

Dear Sir,

We have received an ASMT-10 for collecting 12% GST instead of 18% GST, now we are willing to discharge the demand raised in ASMT-10. Question arised before us are;

1. Whether payment to be made thru DRC-03u/s 73 ? or

2. Whether payment to made thru normal monthly GSTR-3B (means incorporate the debit note in GSTR-1 and filing the GSTR-3B later on) If this is done even buyer will get the ITC for debit note.

Please suggest us the best correct option for making the payment.

Thank you in advance

AI Summary

Debate on Right Method to Pay GST Demand: Use DRC-03 or GSTR-3B? Implications of Sections 61, 73, 74. A discussion on a forum revolves around the appropriate method of paying a GST demand raised in ASMT-10 for collecting 12% GST instead of 18%. The main query is whether to pay through DRC-03 under Section 73 or via the regular monthly GSTR-3B. Participants suggest that the department may accept payment under Section 73, allowing input tax credit (ITC), whereas payment under Section 74 would not allow ITC. The discussion highlights the importance of proving the bona fide nature of the mistake to avoid penalties and the implications of Sections 61, 73, and 74 on the payment process.