GST rule amendment extends limitation period and revises DRC-03 to include audit, scrutiny, and DRC-01A intimations. The amendment replaces a four-year limitation with five years effective 30 November 2021 and revises FORM GST DRC-03: inserting intimation via FORM GST DRC-01A in the heading; expanding item 3 to add audit, inspection or investigation, scrutiny, DRC-01A intimations, and specified mismatch categories; inserting additional triggers into item 5; and substituting the serial 7 table with a detailed columnar format for tax, interest, penalty, fees, ledger utilisation and debit entry particulars.
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GST rule amendment extends limitation period and revises DRC-03 to include audit, scrutiny, and DRC-01A intimations.
The amendment replaces a four-year limitation with five years effective 30 November 2021 and revises FORM GST DRC-03: inserting intimation via FORM GST DRC-01A in the heading; expanding item 3 to add audit, inspection or investigation, scrutiny, DRC-01A intimations, and specified mismatch categories; inserting additional triggers into item 5; and substituting the serial 7 table with a detailed columnar format for tax, interest, penalty, fees, ledger utilisation and debit entry particulars.
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