Question ID : 40641

Payment under DRC 03

The taxable turnover as per final accounts for the year 2017-18 is Rs. 2.10 crores and GST payable is Rs. 58.8 lakhs. The taxable turnover as per GSTR 3B is Rs. Rs. 2 crores and GST amount is Rs. 56 lakhs. There is sufficient credit in the credit ledger. Whether the shortfall of Rs. 2.8 lakhs can be paid through GSTR 03 by adjustment through credit ledger before filing the annual return?

Answer ID : 80504

Yes Credit Ledger amount can be utilised.

Answer ID : 80508

If GSTR 9 is being filled, DRC has to be paid via cash ledger only. If GSTR 9 is not filled, you can file DRC 03 via Credit Ledger.

Answer ID : 80532

Basis, the query we understand that an annual return for FY 2017-18, may be in the process of being filed and resulting in the query elaborated here. Accordingly, the payment needs to be made in cash for GSTR-9. Further, FormDRC 03 can be used for making any payment left out or missed by both ways - either through cash or utilising credit.

Answer ID : 80541

Any such additional output liability has to paid through electronic cash ledger only as specified in instructions to GSTR-9 also. Also the government in press release dated 04.06.2019 specify that any additional outward supply which was not declared by the registered person in FORM GSTR-1 and FORM GSTR-3B shall be paid through cash in Form DRC-03.

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