DRC 03 paid in excess than required, Goods and Services Tax - GST

[POOJA AGARWAL]

Dear Experts,

For claiming benefit under GST amnesty scheme the tax has to be paid through DRC 03 and has to be mapped with the order by filing DRC 03A. By mistake, the amount paid by DRC 03 is higher than required, is there any option to revise DRC 03 and transfer the excess amount back to the electronic cash ledger? or any other remedy for such situation?

Posts / Replies

[Sadanand Bulbule]

Assuming that you have paid the amount of tax by way of cash higher than what actually was due to avail the benefit amnesty scheme, there is no need to revise DRC-03. The 'common portal' would automatically capture only the precise amount tax demanded in FORM GST-07.The excess amount would come back in the  electronic cash ledger.

The similar mechanism applies even if the amount of tax is adjusted by way of available ITC for the purpose of amnesty scheme.

[KASTURI SETHI]

I support the views of Sh.Sadanand Bulbule, Sir.

[Shilpi Jain]

I am not sure whether this will get re-credited to your cash ledger automatically. Though the balance in DRC-03 can be considered to have been used for some other tax payments and make an intimation to the department in this regard. Else if its a significant amount, apply for refund.

[Sadanand Bulbule]

Common Portal is customised that way. Finally it is the choice of the taxpayer. 

[POOJA AGARWAL]

Have filed the DRC 03A and SPL 02. The excess amount is not returned back in cash ledger yet showing in DRC 03 balance. Will try to file RFD 01 or adjust any other tax liability.

Thanks