CAN I UTILISE RCM PAID UNDER DRC03 IN AMNESTY SCHEME

[KERAGODEGOPALARAO ANANTHARAO]

THERE IS AN ORDER TO DISCHARGE RCM ON ROYALTY, FOR WHICH WE PREFERRED APPEAL, TO AVAIL THE BENEFIT OF AMNESTY SCHME WE HAVE TO PAY THE RCM IN DRC-03. iS IT CORRECT?

CAN I UTLISE THE RCM PAID UNDER DRC-03 ON FUTURE OUTPUT TAX?

OTHERWISE ANY OTHE WAY OUT?

KINDLY GUIDE ME SIR.

AI Summary

Reverse charge mechanism payments: unacknowledged DRC-03 can be used in amnesty; acknowledged payments cannot under GST.
DRC-03 payments are voluntary deposits; once acknowledged by the department (DRC-04) they cannot be adjusted against other liabilities. Unacknowledged DRC-03 payments can be used in the amnesty process (SPL-02) and DRC-03A facilitates adjustment for amnesty filings. RCM credit eligibility depends on supplier registration and expense nature; if the supplier is an unregistered government entity, the recipient must issue a self-invoice and the credit time limit runs from that self-invoice date.