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.

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/