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Section 27: Insertion of new Form GST DRC-01C and GST DRC-01D and

The Karnataka Goods and Services Tax (Third Amendment) Rules, 2023.State Rules of Karnataka · 2017

After FORM GST DRC-01B, of the said rules the following Forms shall be inserted, namely: - “FORM GST DRC-01C [See rule 88D]

PART-A (System Generated) Intimation of difference in input tax credit available in auto-generated statement containing the details of input tax credit and that availed in return 18 Ref No: Date:

GSTIN:

Legal Name:

1. It is noticed that the input tax credit availed by you in the return furnished in FORM GSTR-3B exceeds the amount of input tax credit available to you in accordance with the auto- generated statement containing the details of input tax credit made available to you in FORM GSTR-2B for the period <from><to> by an amount of Rs……………………………………… The details thereof are as follows:

Form Type Input Tax credit available / availed (in Rs.)

IGST CGST SGST Cess Total FORM GSTR-2B FORM GSTR-3B Excess input tax credit availed

2. In accordance with sub-rule (1) of rule 88D, you are hereby requested to either pay an amount equal to the said excess input tax credit, along with interest payable under section 50, through FORM GST DRC-03 and furnish the details thereof in Part-B of FORM GST DRC-01C, and/or furnish the reply in Part-B of FORM GST DRC-01C incorporating reasons in respect of that part of the excess input tax credit that has remained to be paid, within a period of seven days.

3. It may be noted that where any amount of the excess input tax credit remains to be paid after completion of a period of seven days and where no explanation or reason for the same is furnished by you or where the explanation or reason furnished by you is not found to be acceptable by the proper officer, the said amount shall be liable to be demanded in accordance with the provisions of section 73 or section 74, as the case may be, of the Act.

4. This is a system generated notice and does not require signature.

19

PART-B Reply by Taxpayer in respect of the intimation of difference in input tax credit Reference No. of Intimation:

Date:

A. I have paid the amount equal to the excess input tax credit, as specified in Part A of FORM GST DRC-01C, fully or partially, along with interest payable under section 50, through FORM GST DRC-03, and the details thereof are as below:

ARN of FORM GST DRC-03 Paid Under Head Tax Period IGST CGST SGST CESS Interest 1 2 3 4 5 6 7 8 AND/OR B. The reasons in respect of that part of the excess input tax credit that has remained to be paid are as under:

S. No. Brief Reasons for Difference Details (Mandatory) 1 Input tax credit not availed in earlier tax period(s) due to non-receipt of inward supplies of goods or services in the said tax period (including in case of receipt of goods in instalments).

2 Input tax credit not availed in earlier tax period(s) inadvertently or due to mistake or omission 3 ITC availed in respect of import of goods, which is not reflected in FORM GSTR-2B 4 ITC availed in respect of inward supplies from SEZ, which are not reflected in FORM GSTR- 2B 5 Excess reversal of ITC in previous tax periods which is being reclaimed in the current tax period 6 Recredit of ITC on payment made to supplier, in respect of ITC reversed as per rule 37 in earlier tax period.

20 7 Recredit of ITC on filing of return by the supplier, in respect of ITC reversed as per rule 37A in earlier tax period.

8 FORM GSTR-3B filed with incorrect details and will be amended in next tax period (including typographical errors, wrong tax rates, etc.)

9 Any other reasons (Please specify) Verification I_______________________________hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom.

Signature of Authorised Signatory Name:

Designation/Status:

Place:

Date:

FORM GST DRC –01D [See rule 142B] Intimation for amount recoverable under section 79 Reference No. - Date-

1. Details of intimation:

(a) Financial year:

(b) Tax period: From --- To --------

2. Section(s) of the Act or rule (s) under which intimation is issued: <Drop down or check box for section 75 (12) r/w 79 may be provided>

3. Details of tax, interest or any amount payable: (Amount in Rs.)

Tax Period Act POS (Please of Supply) Tax Interest Penalty Fee Others Total From To 1 2 3 4 5 6 7 8 9 10 Total 21 You are hereby directed to make the payment within seven days failing which proceedings shall be initiated against you to recover the outstanding dues as per the provisions of section 79 of the Act.

Signature:

Name:

Designation:

Jurisdiction:

Address To, GSTIN/ID Name Address Note – 1. Only applicable fields may be filled up.” By Order and in the name of the Governor of Karnataka (KAVITHA L) Under Secretary to Government, Finance Department (C.T-1) ಮುದÎಕರು ²ಾಗೂ ಪÎ�ಾಶಕರು:- ಸಂಕಲ£ಾĩ�ಾĸಗಳ�, ಕ£ಾ�ಟಕ ªಾಜÍಪತÎ, ಸ�ಾ�ĸ �ೇಂದÎ ಮುದÎ�ಾಲಯ, ¦ೆಂಗಳ�ರು R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19 Licensed to post without prepayment WPP No. 297 2023-09-30T20:58:35+0530 THAMMAIAH

Where this provision sits

ActThe Karnataka Goods and Services Tax (Third Amendment) Rules, 2023.
Section27
Marginal noteInsertion of new Form GST DRC-01C and GST DRC-01D and
JurisdictionState of Karnataka
StatusIn force as published by the source

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