TaxTMI 
TaxTMI 
DRC 03 paid in excess than required
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....RC 03 paid in excess than required<br> Query (Issue) Started By: - POOJA AGARWAL Dated:- 26-3-2025 Last Reply Date:- 31-3-2025 Goods and Services Tax - GST<br>Got 8 Replies<br>GST<br>Dear Experts, For claiming benefit under GST amnesty scheme the tax has to be paid through DRC 03 and has to be mapped with the order by filing DRC 03A. By mistake, the amount paid by DRC 03 is higher than required, ....
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....is there any option to revise DRC 03 and transfer the excess amount back to the electronic cash ledger? or any other remedy for such situation? Reply By Sadanand Bulbule: The Reply: Assuming that you have paid the amount of tax by way of cash higher than what actually was due to avail the benefit amnesty scheme, there is no need to revise DRC-03. The 'common portal' would automatically c....
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....apture only the precise amount tax demanded in FORM DRC-07. The excess amount would come back in the electronic cash ledger. The similar mechanism applies even if the amount of tax is adjusted by way of available ITC for the purpose of amnesty scheme. Reply By KASTURI SETHI: The Reply: I support the views of Sh.Sadanand Bulbule, Sir. Reply By Shilpi Jain: The Reply: I am not sure whethe....
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....r this will get re-credited to your cash ledger automatically. Though the balance in DRC-03 can be considered to have been used for some other tax payments and make an intimation to the department in this regard. Else if its a significant amount, apply for refund. Reply By Sadanand Bulbule: The Reply: Common Portal is customised that way. Finally it is the choice of the taxpayer. Reply By....
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.... POOJA AGARWAL: The Reply: Have filed the DRC-03A and SPL-02. The excess amount is not returned back in cash ledger yet showing in DRC 03 balance. Will try to file RFD 01 or adjust any other tax liability. Thanks Reply By Sharad Singh: The Reply: But as for the advisory issued by GSTN it was proposed that you can pay by " payment towards demand as well". What makes it mandatory to pay by DRC 0....
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....3 and there are so many technical issues regarding DRC-03A. Payment can be made by debiting the ledger in pay towards demand . Reply By Sharad Singh: The Reply: As per circular 238, 15 October,2024 Reply By Sharad Singh: The Reply: Many taxpayers have filed SPL 02 without DRC-03A but they have made payment by DRC-03. Will it will be considered payment even though the DRC 03A was ....
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....not done. what will happen to application. once SPL 02 is filed then I can't make DRC 03 <br> Discussion Forum - Knowledge Sharing ....