DRC 03 PAAYMENT

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..... DRC 03 PAAYMENT
Query (Issue) Started By: - SANTOSH PATIL Dated:- 14-2-2023 Last Reply Date:- 25-3-2023 Goods and Services Tax - GST
Got 2 Replies
GST
During Audit u/s 65, it was observed .....

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..... there was short payment of 9 lakh for the period 17-18, 18-19, 19-20, 20-21. Auditor has sent ADT 02 with their observation of short payment of 9 lakh. Ten lakh ITC is available in credit ledger as o .....

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..... n date, can we pay demand raised under audit observation by DRC 03 utilising credit balance available in portal. Reply By Alkesh Jani: The Reply: Shri Please refer Sl.No.06, 07 and 08 of Circular N .....

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..... o.172/2022 dated 6th July, 2022. Also refer Sl.No.07 column No. 10 of DRC-03. Thanks Reply By Padmanathan Kollengode: The Reply: If the short payment is on account of RCM, ITC cannot be utilized. O .....

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..... utput tax (other than RCM), can be paid using ITC.
Discussion Forum - Knowledge Sharing .....

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