Answer

1. F

   Facts

   You pay through DRC-03 under the cause voluntary or intimation and then quote the DRC-03 ARN in Part B. Interest under Sec 50 is paid along with the tax.

2. P

   Provisions and law

   • Rule 88C, CGST Rules 2017If GSTR-1 tax exceeds GSTR-3B tax beyond the set limit, intimation in DRC-01B Part A; within 7 days pay through DRC-03 or explain in Part B
   • Rule 142(2), CGST Rules 2017Voluntary payment before notice in DRC-03
   • Sec 50, CGST Act 2017Interest at 18 percent a year on tax paid late, on the cash part of the liability
3. A

   Analysis

   Tax can be paid from the credit ledger if balance is available, but interest goes in cash. For ₹5 lakh short paid for 60 days, interest is ₹5,00,000 × 18% × 60/365 = about ₹14,795. After DRC-03, reply in Part B selecting that you have paid and enter the ARN.

4. C

   Conclusion

   1. 1Compute the short tax and interest by tax head (CGST, SGST, IGST).
   2. 2File DRC-03 under Services, User Services, My Applications, Intimation of Voluntary Payment.
   3. 3Note the ARN.
   4. 4Reply in DRC-01B Part B with the ARN.

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