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TaxTMI 
CAN I UTILISE RCM PAID UNDER DRC03 IN AMNESTY SCHEME
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....AN I UTILISE RCM PAID UNDER DRC03 IN AMNESTY SCHEME<br> Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 28-3-2025 Last Reply Date:- 30-3-2025 Goods and Services Tax - GST<br>Got 8 Replies<br>GST<br>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 RC....
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....M PAID UNDER DRC-03 ON FUTURE OUTPUT TAX? OTHERWISE ANY OTHE WAY OUT? KINDLY GUIDE ME SIR. Reply By Shilpi Jain: The Reply: Yes. Make payment through DRC-03 and file DRC-03A to adjust against the liability raised by order or SCN. The eligibiltiy of RCM depends on whether your supplier is registered under GST or not and also the nature of expense. Reply By KERAGODEGOPALARAO ANANTHARAO: The Re....
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....ply: This is RCM on Royalty paid to government by stone crushers Reply By Sadanand Bulbule: The Reply: Dear all Here is additional information: DRC-03 payments are invariably related to voluntary payment under sec 17(5). However, by ignorance taxpayers are making payment of demand issued by the Dept in DRC-07 against DRC-03. Once, DRC-03 payment is acknowledged by the Dept in DRC-04, th....
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....at payment cannot be adjusted towards any other liability. That is the end of DRC-03. If any DRC-03 is pending for acknowledgement, that can be used for availing the benefit Amnesty Scheme in SPL-02. Any unacknowledged DRC-03 (paid either in cash or credit / either for any tax or tax under RCM determined as per DRC-07) can be used for SPL-02. To prevent the misuse of DRC-03, DRC_03A was brought i....
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....n for SPL-02. The tax paid under RCM can also be used for filing of SPL-02, if it is not related to some other demand. Taxpayers must be cautious to pay RCM demand always in cash and other demand either through credit or cash. The system may allow (i.e. SPL-02) to adjust surplus credit towards the payment of demand of tax under RCM. However, the Dept may reopen such cases in future. All orders pa....
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....ssed under Section 128A are subject to the scrutiny of the AG and CAG. Reply By KASTURI SETHI: The Reply: Sh.Sadanand Bulbule Ji, Sir, Your one sentence, "That is the end of DRC-03" is the pillar of your comprehensive reply. Reply By Sadanand Bulbule: The Reply: Sirji, I welcome your validation. Reply By KAST....
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....URI SETHI: The Reply: Dear Sir, Your reply at serial no.3 has solved problem of one of my clients. You have shown me the direction. . Prior to your reply, I was groping in the dark. I was in a dilemma on the issue raised by Sh.K. Anantharao Ji. Reply By Sadanand Bulbule: The Reply: Sirji Honestly speaking, there is no my contribution. I have placed the 'system position' as it is. ....
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....I don't deserve such great words. 🙏🙏 Reply By Shilpi Jain: The Reply: The government being not registered under GST you would be required to issue a self invoice now and then take the credit. Time limit for the credit will be counted from the date of this self invoice and not the date of supply of service (if any) by the government. There is a circular also in this regard under ....
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