What is DRC-01A in GST?
The Form GST DRC-01 is a summary of a show-cause notice whereas Form GST DRC-01A is an intimation issued before a Show cause notice. If the taxpayer agrees with the contention of the department, then he may pay its liability as per the intimation.24-Apr-2022
Is DRC-01 a show cause notice?
Summary of Show Cause Notice In Form DRC-01 Is Not A Substitute Of Section 74(1) Show Cause Notice: Jharkhand High Court. The Jharkhand High Court held that the summary of show cause notice in Form DRC-01 is not a substitute for show cause notice under Section 74(1) of the CGST Act.12-Jul-2022
How can a taxpayer respond to such intimation in Form DRC-01A? On receipt of intimation in Form DRC-01A, a taxpayer can use the second part of the said form, i.e. Part B, to communicate to the officer if he has made part-payment of the ascertained liability or if the liability is not acceptable by him.12-Jan-2022
Is DRC 01A compulsory?
High Court's decision: The Honorable High Court stated that the issuance of Form GST DRC-01 and Form GST DRC-01A is required by law under rule 142 of the CGST Rules, 2017. It wasn't just a procedural necessity; it was evident that it would be a violation of the assessee's rights.
In case of demand notice, payment can be made by utilizing ITC and balance cash available in the Cash Ledger. The remaining liability needs to be paid in cash by creating an additional cash challan. Interest and Penalty need to be compulsorily paid in cash.12-Jan-2022
WHO Issues DRC 01A in GST?
Therefore, from now onwards, if the department deems fit to issue any intimation of tax ascertained as being payable under sub-section (5) of Section 74 in accordance with the Rule 142(1A) of the Rules, it shall issue notice in the Form GST DRC – 01A.23-Apr-2022
Step 1- Login to the GST portal. Step 2- Click on the 'Services' tab > 'Payments' section > 'Challan History' option. Step 3- Search by CPIN or by date. List of challans and payment status gets displayed.12-Jan-2022
How do I pay interest on a late payment of GST?
The following steps may be followed: Step 1: Log in to the GST common portal with your credentials. Step 2: Go to Services > User Services > My Applications. Step 3: Select 'Intimation of Voluntary Payment – DRC-03' and click on 'New Application'.12-Jan-2022
Once DRC 01 is uploaded, the taxpayer can pay online through the cash/credit ledger and then file DRC 03. c) This module provides for entering the SCNs already issued manually. In such a case, the tax officer shall click on the “Create DRC-01 manually “menu item.13-Nov-2019
What is DRC 02 in GST?
DRC 02 – “Summary of Statement”. After issuing the SCN as per Section 73(1) or Section 74(1) if the proper officer wants to issue details of tax unpaid or short paid for the same ground but for any other period, then he can issue a statement abiding section 73(3) or Section 74(3) of the Act.25-Apr-2020
DRC-03 is a form required by the GST law to be filed for voluntary tax payments made in response to a demand or tax deficiency discovered after the deadline for filing returns for a financial year has passed. This form is covered under CGST Rule 142(2) and (3).17-Dec-2021
How do I appeal against drc07?
appeal or review. Reply:- DRC-07 summary of order directing to make the payment by failing which proceedings shall be initiated for recovering the outstanding dues. You can appeal against this order u/s 107 of the Act, within three months from the date on which the said decision or order is communicated you.
Note: In the Tax Liability Details grid, the Total Challan Amount field and Total Challan Amount (In Words) fields are auto-populated with the total amount of payment to be made. You cannot edit this amount.
How do I pay my demand notice in GST?
In this article, we look at GST demand notice and cases wherein demand would be raised, interest and penalty payable on such demand etc.Penalty under Section 74 of GST Act.
Overview of the process of adjudication If the Authority is satisfied with the reply, it will drop the proceedings by the issue an order in Form DRC-05, or else Notice of a personal hearing will be issued. Reply to the SCN in Form DRC-06 and submit documents.29-Jun-2021
What is Form GST DRC-07?
DRC-07 is the summary of all orders. Every order which ultimately ends up in demand creation, liability is created through DRC-07. By submitting DRC-07 to GSTN, liability against the tax payer will be created in part B {other than return related liability} of the Liability Ledger.
Interest u/s 50 (3) are to be charged @24% p.a. only in case of reclaim of credit reversed earlier. Only cases covered u/s 42 (10) and 43 (10) are covered in section 50 (3). 2. In other cases interest will be paid @18% p.a. u/s 50 (1).26-Jan-2022
Can DRC-03 be refund?
After scrutinizing the application for completeness and eligibility, if the proper officer is satisfied that the whole or any part of the amount claimed is payable as refund, he shall request the taxpayer, in writing, to debit the said amount from his electronic credit ledger through FORM GST DRC-03.
Voluntary Payment – Before Issuance of Show Cause Notice
What is DRC 04 GST?
Acknowledgment by Tax Official: Upon filing of Form GST DRC-03, the tax officer will issue an Acknowledgement in Form GST DRC-04(Acknowledgement of Acceptance of voluntary payment). There is no bar on making another payment on voluntary basis by a taxpayer, pending issuance of acknowledgement by the tax officer.21-Nov-2020
What is DRC-01A in GST?