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Audit observation payment via DRC 03, Goods and Services Tax - GST

Issue Id: - 117990
Dated: 10-6-2022
By:- SANTOSH PATIL
Audit observation payment via DRC 03

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Respected Sirs,

In our GST audit U/s 65 observation was made that interest on delay in filing GSTR 3B was not paid along with returns from July 2017 to March 2020. Now they have sent me letter ADT 02 stating that it is observed in audit that interest amounting to Rs. 1 lakh has not been paid from July 2017 to March 20. Kindly pay above interest. Now when i contected proper officer he said to pay through DRC 03 in single challen. DRC 03 is accepting year wise interest. Office is saying pay in 2019-20 and under reason mention period July 2017 to March 2020. Is it correct procedure, your guidance will be highly appreciated

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Showing Replies 1 to 7 of 7 Records

1 Dated: 10-6-2022
By:- Amit Agrawal

In my view, interest should be paid through Form DRC-03 year-wise only (& NOT in single challan). And you can submit all three year-wise interest paid Form DRC-03 to the officer in compliance with the audit observations.

All above are strictly personal views of mine and the same should not be construed as professional advice / suggestion.


2 Dated: 10-6-2022
By:- Amit Agrawal

Also, before making payment year-wise, kindly explain the officer that while filing DRC-03 system / portal itself asks for year-wise payment only. And it is better even for electronic records, tracking and future references for assesses and Dept if outstanding interest is paid year-wise only.

Anyway, audit objection mentions period from July, 2017 to March, 2020. Hence, it is better to pay year-wise considering the fact that portal does not allow choosing such multiple year period.


3 Dated: 10-6-2022
By:- Ravinesh Sinha

It is proper to pay interest FY otherwise jurisdiction officer may face difficulty to verify interest quantification and correlation with tax due and late payment at the time issuance of acknowledgement in Form DRC 4.

But some time system does not allow payment for previous year .in this case ,try to put year wise details in remarks space with reference letter of audit .


4 Dated: 11-6-2022
By:- Ganeshan Kalyani

I agree with both the experts. Interest to be paid year wise.


5 Dated: 12-6-2022
By:- KASTURI SETHI

Sh.Santosh Patil Ji,

You are depositing interest on being pointed out by the Audit Officer. You have department's letter in the form of ADT-02 (Documentary evidence). So if you deposit interest for the period from July, 17 to March, 20 in a single challan, you will not find any problem inasmuch as ADT-02 is self-explanatory. I mean to say Proper Officer has rightly advised you.


6 Dated: 12-6-2022
By:- SANTOSH PATIL

Respected sirs, I had mailed to CGST Auditors saying that we feel that it is proper to pay interest FY wise otherwise juridiction officer may face difficulty to verify interest quantification and correlation with tax dues and late payment at the time issuance of acknowledgement in Form DRC 4 to which officer replied by mail to pay interest yearwise. we have asked officer to provide breakup of interest yearwise.

Thanks for experts advise and support


7 Dated: 12-6-2022
By:- Amit Agrawal

You are welcome!


1

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