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Govt Sent Notices for Past GST DRC 03 (Voluntary Payments)

Against the bogus invoices, the government has taken measures. The government has started questioning the assessee that why they on their own paid the taxes since GST was incorporated. The question affects the taxpayers who are already facing a hard time due to pandemics.

GST Notices for Voluntary Payments

Beneath the GST the assessee can release the outstanding tax liability known as DRC-03. The assessee uses the address of short tax payment or relieving liabilities in answering the notices to the council. GST urges to recognize these payments done while several taxpayers said to FE that they are notified from August despite the council having never accompanied the process post furnishing of GST DRC-03 voluntary payment Get to know about form GST DRC-03 for voluntary and SCN payments. Also, we have published the process of voluntary payment on GST portal with DRC-03 FAQs. Read more.

The taxpayer has been questioned by one of the FE to elaborate the cause to generate DRC-03 and with relevant credentials for support which consist of show cause notices, order, and letters, etc. In addition, it has also demanded a ledger for the duration DRC-03 has been created.

In the other notice, the council has demanded the calculation sheet made for the amount referred in DRC-03 and any other related credentials. “Tax officers are responsible for acknowledging taxpayers’ payment in FORM GST DRC-03, which they did not undertake since 2017. After more than three years, tax officers are issuing a notice to re-check and re-calculate the voluntary payment of tax dues,” said a senior partner at AMRG & Associates, Rajat Mohan.

He also states that taxpayers urge the tax department to help them so they feel supportive instead of asking the questions in notices. The tax officials describe that the department was taking all effective operations to take out the fraudsters who make the bogus GST invoices The GST council based law panel has decided to mutually come up with the options to handle the fake invoice issue and will be making a final decision. Read more and it might be possible that the notices were being sent by the commissioner to collect more information.

6 people including the women in Chennai have been caught by the GST intelligence wing till Wednesday on the imposition of the bogus GST invoice. On the 7th day, the whole nationwide practice to catch those people who illegally claim the input tax credit is done, and also the council has arrested 36 people that includes 3 chartered accountants The journey of Chartered Accountants started via Companies Act, 1913 and ICAI has born after independence in 1949 and going on, read detailed history. Read More. The directorate general of GST intelligence (DGGI) has recorded 519 cases upon 1736 identified entities.

Source: https://www.financialexpress.com/

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Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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2 thoughts on "Govt Sent Notices for Past GST DRC 03 (Voluntary Payments)"

  1. The government is resorting to some sort of arm twisting and collecting tax in TDR and flats transferred to the landowner as consideration. Flats of landowner share are in ready to move in and outside the scope of GST. Similarly, full consideration for these flats was paid in the form of TDR. DEVELOPER IR BUILDER COLLECTS THE COST OF THE FLATS GIVEN TO LANDOWNER AS CONSIDERATION FOR TDR FROM THE BUYER IF HIS SHARE IF FLATS. ALL THE TAXES ON THIS ARE PAID TO GOVT. COST OF FLATS TRANSFERRED TO LANDOWNER, COST IF THE FLAT IF THE BUYER PLUS PROFIT AND TAXES ARE COLLECTED FROM THE BUYER IF THE FLATS OF DEVELOPER. NOW GST US COLLECTED FROM LANDOWNERS’ FLATS. THAT TOO THE COST CHARGED FROM THE BUYER OF THE DEVELOPERS SHARE IF FLATS.

    THIS IS TWICE THE NORMAL COST BECAUSE IT CONSISTS IF LAND OWNERS SHARE IF CONSTRUCTED AREA PLUS PROFIT IN THE PROJECT. IF IT ALL IF GST TO BE COLLECTED THE COST OF CONSTRUCTED AREA TO LSND OWNER SHOULD COST TO DEVELOPERS SHARE OF FLAT MINUS THE COST OF LAND DIVIDED BY TWO. THEN ONLY IT IS JUST AND REASONABLE. IN ITC SCOPE TO COMMIT FRAUD ARE ABUNDANT AS UNROLLING NOW INVOLVING THOUSANDS OF CRORES OF RUPEES. MAKE TAX RATES SIMPLE FOR BETTER COMPLIANCE. TAKE TOTAL ITC GIVEN UN A PARTICULAR YEAR AND REMOVE IT FROM THE TOTAL TAX IF ITC IS NOT THERE AND ADJUST THE TAX APPROPRIATELY AVERAGING THE ITC. WITH REDUCED TAX FAKE INVOICES FOR UTC CAN BE ERADICATED.

  2. Bogus invoicing started due to online registration.it should be handed over in person to concerned local goods and services tax officers personally make inquiry obtain sufficient documents securities then to issue a registration or otherwise bogus dealers doing businesses raising tax invoices, waybill, without movement of goods to claim fraudulent input tax credits- stop online approval of GST registration

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