06 February 2021
dear sir, i have claimed excess input in 2019-2020 and not reversed the same till date.i want to pay this input through drc-03 please advice where to show this drc-03 amount in gstr-9
07 July 2024
When you pay the excess input tax credit (ITC) through DRC-03, it's essential to reflect this correctly in your GSTR-9 annual return. Here's how you can handle this:
### Steps to Show DRC-03 Amount in GSTR-9:
1. **Prepare for GSTR-9 Filing:** - Ensure you have all your GSTR-3B and GSTR-1 returns filed and reconciled for the financial year 2019-20.
2. **Report in GSTR-9:** - In GSTR-9, you will report the total GST liability for the financial year. This includes both the liabilities disclosed in your GSTR-3B returns and any liabilities paid through DRC-03.
3. **Specific Reporting in GSTR-9:** - There is no specific column or section in GSTR-9 solely for DRC-03 payments. You will include the amount paid through DRC-03 under the relevant sections where you report your total liabilities for the year. - Generally, this amount will be included in Table 6 of GSTR-9, which pertains to the annual consolidated view of liabilities.
4. **Documentation and Reconciliation:** - Maintain records of the DRC-03 payment acknowledgment and ensure it reconciles with your books of accounts and GSTR-3B filings. - Make sure to cross-check that the DRC-03 amount is correctly included in your total liabilities for the financial year as per GSTR-9.
5. **Consultation with a Tax Professional:** - If you are unsure about the specific reporting or reconciliation process, it's advisable to consult with a tax professional or GST expert. They can provide guidance tailored to your situation and ensure compliance with GST regulations.
By following these steps, you can accurately reflect the payment made through DRC-03 in your GSTR-9 annual return for the financial year 2019-20. This helps in maintaining accurate records and compliance with GST laws.
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