DRC-03 is a form law that can be filed for voluntary tax payments towards demand or tax shortfall noticed later on after the time limit to file returns of a financial year expires.
This form facilitating the intimation of voluntary payments made before the notice under sections 73 & 74 is issued or payments made within 30 days of issue of Show Cause Notice (SCN).
How to file Form DRC- 03 and other important details:
- Access the www.gst.gov.in URL.
2. Login to the GST Portal with valid credentials.
3. Click the Services > User Services > My Applications option.
4. Select Form DRC- 03 and select “New Application”.
5. Select cause of payment:
i. Voluntary
ii. SCN
iii. Annual Return
iv. Reconciliation Statement
v. Liability Mismatch- GSTR 1 to GSTR 3B
vi. ITC Mismatch- GSTR 2A / 2B to GSTR 3B
v. Intimation of tax ascertained through DRC- 01A
vi. Scrutiny
vii. Others
6. Select Section Number according to cause of payment.
7. Select other details like Date, SCN Number, Intimation Reference Number, Scrutiny Reference Number wherever applicable.
8. Select Financial Year for which tax is being paid.
9. Select Overall tax period.
10. Enter the Details of payment made including interest, penalty and others.
11. Press Proceed to pay button. Next page “Voluntary Payment Page” will appear.
12. In this page we can find:
i. Liability Details
ii. Cash Ledger Balance
iii. Credit Ledger Balance
13. Scroll the bar to right to enter the amount paid through cash ledger balance or credit ledger balance.
14. If balance is sufficient then Select the Verification checkbox and enter the Name of Authorized Signatory and Place. A draft statement in PDF format can be downloaded on your computer. You can open the file to view details.
14. If there is no sufficient balance Select the Verification checkbox and enter the Name of Authorized Signatory and Place. Click the CREATE CHALLAN button.
15. The Create Challan page is displayed. In the Tax Liability details grid, the Total Challan Amount field and Total Challan Amount (In Words) fields are auto-populated with total amount of payment to be made. You cannot edit this amount.
16. Select the Payment Modes as E-Payment/ Over the Counter/ NEFT/RTGS. Click the GENERATE CHALLAN button. Pay the challan accordingly.
17. The draft statement in PDF format is downloaded on your computer. You can open the file to view details.
18. you can enter in the Reasons if any field, enter the reasons.
19. Click the Choose File button to upload any document.
20. Select the Verification checkbox and enter the Name of Authorized Signatory and Place.
21. File the form through EVC or DSC whichever is applicable.
22. ARN will be generated and displayed. SMS and email will be sent to the taxpayer intimating ARN and successful filing of the Form.
To download the submitted application, click the Click here link.