New GST Form: GSTN introduces a new application process for settling tax claims.

The Goods and Services Tax Network (GSTN) has introduced Form GST DRC-03A on the GST portal to help taxpayers manage their tax requirements more efficiently. This new tool is specifically designed to allow taxpayers who have used Form DRC-03 to make payments to directly allocate those payments to a specific GST claim order.

GST Form DRC-03A

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Form DRC-03A allows payments to be accurately linked to individual demand orders, increasing the accuracy of the liability register. This form allows you to allocate a single DRC-03 payment to multiple demand orders or assign a single demand order to multiple payments, simplifying the administration of various GST responsibilities.

Form DRC-03A allows taxpayers to efficiently allocate payments to specific orders, ultimately reducing their overall tax liability.

By accurately reconciling payments with demand orders, the DRC-03A eliminates inconsistencies and ensures that payments are allocated correctly.

The significance of Form GST DRC-03A lies in its ability to address the issue of accurately recording payments in the liability ledger. By allowing taxpayers to link their DRC-03 payments to the corresponding demand order, this form ensures that the ledger remains current and error-free. Without this direct link, payments made through Form DRC-03 may be incorrectly recorded, potentially leading to discrepancies in the liability register.

Therefore, using Form GST DRC-03A is critical for taxpayers looking to streamline their tax payment process and maintain accurate financial records under GST.

“The new Form DRC-03A benefits taxpayers by ensuring accurate recording of their payments as per the specific requirements imposed by the GST authorities. Previously, many taxpayers used Form DRC-03 for these payments, which did not allow them to enter a claim number, resulting in the claim still showing as unpaid in the electronic liability register. Form DRC-03A includes a field for demand order number to properly link payments to the corresponding demand and resolve this issue,” said Ankit Jain, partner, Ved Jain & Associates (chartered accountancy firm).

Simplified Guide to Filing Form GST DRC-03A

> Login to GST Portal
> Access the GST portal and log in using your credentials.
> Go to GST Form DRC-03A.
> Go to Services > User Services > My Apps.
> Select FORM GST DRC-03A.
> Enter your DRC-03 number and click Search.
> Details related to DRC-03 will be displayed including date of filing, reason for payment, period (from and to) and balance of DRC-03 as on date.
> Select the requirement order number from the drop-down list. to view any outstanding requirements.
> Once selected, information such as demand order date, order type, period (from and to) and outstanding demand for the date will appear.
> Click on demand adjustment to continue.
> You will see tables for entering/editing demand details:

Table A: Unmet demand.

Tables B1–B3: ​​​​Cash distributions (paid, subject to adjustment, and post-adjustment balance).

Tables C1–C3: Loan Payments (Paid, Subject to Adjustment, and Post-Adjustment Balance).

Table D: Post-adjustment of outstanding demand.

Check and download:

Check the data in tables A, B, C and D.

Click “Confirm” after verification.

If necessary, upload supporting documents.

Commitment and Verification:

Sign the commitment and check.

You can review, save a draft, or navigate to a file.

Subordination:

Click “Go to File” and use DSC/EVC to submit the form.

Upon successful submission, a confirmation will be generated.

Ledger adjustment:

Entries from DRC-03A will be reflected in the electronic liability ledger.

One DRC-03 can adjust payments for several claims and vice versa.