On July 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 – Central Tax, to further revise Rule 142 of the CGST Rules.
The same revision would be effective from July 10, 2024, which mentions the process of managing the voluntary tax payments that the registered taxpayers made and emphasizes the process of issuing orders and considerations via the proper officer.
Modifications in Rule 142 of the CGST Rules
Prior to Amendment
- Procedures for Payment and Acknowledgment: Formerly when an individual levied to tax made a voluntary tax payment, interest, and penalty (as applicable) before receiving a notice or statement then they ought to inform the proper officer using FORM GST DRC-03. After that, the proper officer issues an acknowledgement in FORM GST DRC-04.
- Remarks Against Suggested Liabilities: When an individual makes a partial payment or wishes to file the submissions against the offered obligation then they can undergo via Part B of FORM GST DRC-01A.
Post-Amendment Changes
- Electronic: When an assessee makes a voluntary payment to obtain the notice or statement, they must inform the proper officer via FORM GST DRC-03. Through the common portal the acknowledgement, in FORM GST DRC-04, will be made available electronically.
- A portion of submissions and payments: When an assessee undergoes a partial payment or wishes to file the submission against the offered obligation, they could perform the same via Part B of FORM GST DRC-01A. After that the proper officer might issue an intimation in Part-C of FORM GST DRC-01A, accepting the payment, submissions, or both.
- New Regulations for Electronic Liability Register: A new sub-rule starts (2B). A person can file an application in FORM GST DRC-03A electronically if they make a voluntary payment of tax, interest, penalty, or any other amount due. The amount filed and intimated via FORM GST DRC-03 will be credited to the Electronic Liability Register in FORM GST PMT-01 against the debit entry made for the said demand.
An application in FORM GST DRC-03A cannot be filed for the payment if an order in FORM GST DRC-05 has been issued completing the proceedings concerning the identical payment.
