Answer

1. F

   Facts

   Interest found later can be paid voluntarily through DRC-03, choosing the right cause such as voluntary or annual return. An acknowledgement issues in DRC-04.

2. P

   Provisions and law

   • Rule 142(2), CGST Rules 2017A person paying tax, interest and penalty voluntarily or after an intimation informs the officer in DRC-03, and an acknowledgement issues in DRC-04.
   • Sec 49(4), CGST Act 2017Balance in the electronic credit ledger can be used only to pay output tax, not interest, penalty or late fee.
3. A

   Analysis

   Go to Services, User Services, My Applications, Intimation of Voluntary Payment DRC-03. Choose the period and cause, enter the interest under the right head, and pay from the cash ledger. If a demand later comes for the same item, link the payment using DRC-03A. Keep the ARN.

4. C

   Conclusion

   1. 1Compute interest head-wise.
   2. 2Deposit cash by PMT-06 if needed.
   3. 3File DRC-03 with the correct period and cause.
   4. 4Save DRC-04 and link via DRC-03A if a demand arises.

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