Answer

1. F

   Facts

   If the excess is real, you pay it through DRC-03 and quote the DRC-03 ARN in Part B of DRC-01C. The GSTN manual says the DRC-03 must be filed on or after the date Part A was issued, and for a monthly return it must be for the same period.

2. P

   Provisions and law

   • Rule 88D, CGST Rules 2017Intimation DRC-01C when ITC in GSTR-3B exceeds GSTR-2B beyond a limit; reply in 7 days
   • Sec 50(3), CGST Act 2017Interest on ITC wrongly availed and utilised
   • Sec 73, CGST Act 2017Demand for tax short paid without fraud, for periods up to FY 2023-24
3. A

   Analysis

   Suppose Part A shows an excess of ₹4,20,000 for July and your check confirms ₹4,20,000 claimed on invoices never reported by a supplier. Pay it through DRC-03 for July, with interest under Sec 50(3) if it was used, and quote the ARN. Paying before a show cause notice avoids penalty for non-fraud cases.

4. C

   Conclusion

   1. 1Confirm the excess amount by head
   2. 2Compute interest if the credit was utilised
   3. 3File DRC-03 for the same period with the right cause
   4. 4Enter the DRC-03 ARN in Part B and file

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.