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GSTR9 AND DRC-03

Tushar Sharma (MIS cum Accounts Manager and Senior Internal Auditor) (38 Points)

23 February 2022

Dear All,

Please guide me in below mention taxation situation-

Suppose I had made Scrap Sales and make the GST payment of this transaction through DRC-03 then whether should I report the DRC3 in GSTR 9 or Not?

Regards

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 23 February 2022

If you not reported. scrap sale either in GSTR1 or GSTR3B in financial year then you have to report this scrap sale in GSTR9 , of which you have already made payment through DRC 03 as per your query .

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Tushar Sharma (MIS cum Accounts Manager and Senior Internal Auditor) (38 Points)
Replied 23 February 2022

Dear Sir,

Thankyou for valuable guidance, one more question where should I report the DRC03 scrap sale turnover and Tax Payments in GSTR9, has I was unable to found any particular field to report DRC03.

Regards

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 23 February 2022

You have to report Scrap sales Invoice deatils in Table 4 of GSTR9 and for payment made through DRC03 if any query reaised then you can show payment through DRC03 .

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 23 February 2022

You also have to pay interest on scrap sale Invoices for late reporting in GSTR9 of which you made payment through DRC03 . if you have not added Interest amount in earlier payment through DRC03 , then again you have pay Interest amount through DRC03 in GSTR9 .