{"id":6582,"date":"2024-01-22T15:11:54","date_gmt":"2024-01-22T15:11:54","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=6582"},"modified":"2024-01-22T15:26:38","modified_gmt":"2024-01-22T15:26:38","slug":"drc-01b","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/drc-01b\/","title":{"rendered":"DRC-01B functionality implemented on GSTN Portal"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6583\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/01\/DRC-01B-functionality-implemented-on-GSTN-Portal.jpg\" alt=\"DRC-01B functionality\" width=\"693\" height=\"357\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/01\/DRC-01B-functionality-implemented-on-GSTN-Portal.jpg 600w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2024\/01\/DRC-01B-functionality-implemented-on-GSTN-Portal-300x155.jpg 300w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dcf1183b95d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dcf1183b95d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/drc-01b\/#DRC-01B_GSTR_3B_Vs_GSTR_1_functionality_implemented_on_GSTN_Portal_%E2%80%93_GST_Update\" title=\"DRC-01B (GSTR 3B Vs GSTR 1) functionality implemented on GSTN Portal &#8211; GST Update\">DRC-01B (GSTR 3B Vs GSTR 1) functionality implemented on GSTN Portal &#8211; GST Update<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/drc-01b\/#GST_Rule_88C_%E2%80%93_Dangerous_Goods_Services_Tax_Rule_for_Suppliers\" title=\"GST Rule 88C &#8211; Dangerous Goods &amp; Services Tax Rule for Suppliers. \">GST Rule 88C &#8211; Dangerous Goods &amp; Services Tax Rule for Suppliers. <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/drc-01b\/#Key_Points_on_DRC-01B_GSTR_3B_Vs_GSTR_1_functionality_are_mentioned_below\" title=\"Key Points on DRC-01B (GSTR 3B Vs GSTR 1) functionality are mentioned below:\">Key Points on DRC-01B (GSTR 3B Vs GSTR 1) functionality are mentioned below:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"DRC-01B_GSTR_3B_Vs_GSTR_1_functionality_implemented_on_GSTN_Portal_%E2%80%93_GST_Update\"><\/span><span style=\"color: #000080;\">DRC-01B (GSTR 3B Vs GSTR 1) functionality implemented on GSTN Portal &#8211; GST Update<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>New GST Form DRC-01B and GST Rule 88C has been inserted recently, this will be an intimation form for the Differences in GSTR-3B &amp; GSTR-1 for the tax period if difference more an specific percentage or amount limit, so GST taxpayers has to pay the differences amount or explain differences.<\/li>\n<li>In case GST Taxpayer is not paid or not explained then the next coming period GSTR-1 will be restricted &amp; can\u2019t be filed. this GST Form will be system generated so no involvement of any GST officer for tax discrepancy payment.<\/li>\n<li>Initially You needed to understand the GSTR return 3B and GSTR -1. General information about GSTR-3B and GSTR-1 in the context of the Goods and Services Tax (GST) system in India. \u00a0GSTR-1 &amp; GSTR-3B are 2 different kind of GST return forms that businesses in India need to file. Here&#8217;s a brief overview of each:<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>GSTR-3B:<\/strong><\/span><\/p>\n<ul>\n<li>GSTR-3B is a summary return that needs to be filed by registered taxpayers on a monthly basis.<\/li>\n<li>It includes details of outward and inward supplies, tax liability, input tax credit, and the amount payable or refundable.<\/li>\n<li>It&#8217;s a self-declaration form where businesses provide summarized information of their sales and purchases during the tax period<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>GSTR-1:<\/strong><\/span><\/p>\n<ul>\n<li>GSTR-1 is a more detailed form that requires businesses to furnish the details of their outward supplies (sales) on a monthly or quarterly basis.<\/li>\n<li>It includes information such as invoice details, taxable value, and tax amounts for various types of supplies made by the taxpayer<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"GST_Rule_88C_%E2%80%93_Dangerous_Goods_Services_Tax_Rule_for_Suppliers\"><\/span><span style=\"color: #000080;\"><strong>GST Rule 88C &#8211; Dangerous Goods &amp; Services Tax Rule for Suppliers. <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Rule 88C in Goods &amp; Services Tax, Tax will be recovered on difference between Goods &amp; Services Tax Liability mentioned in GSTR 3B &amp; GSTR 1. Intimation in form GST DRC 01B will be sent to assessee to pay the GST tax or explain the difference. If no tax is paid or explanation is not suitable as per GST officer then the differential tax will be recovered as per section 79,<\/p>\n<ul>\n<li>Manner of dealing with difference in liability reported in statements of outward supplies and that reported in return.<\/li>\n<li>This is likely to affect the Goods and Services Tax taxpayers in case of any inconsistency in submitting of GSTR-3B &amp; GSTR-1.<\/li>\n<li>Tax payable as per GSTR -1 Return \/ Invoice Furnishing Facility &gt; GST Tax payable as per GSTR-3B (Amount or %),<\/li>\n<li>Intimation shall be sent to the RP of such difference to his e-mail address in Part-A of Form GST DRC-01B.<\/li>\n<li>GST Directing to pay the differential GST tax liability + applicable Interest thereon DRC-03 or Explain with in Seven Days.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Key_Points_on_DRC-01B_GSTR_3B_Vs_GSTR_1_functionality_are_mentioned_below\"><\/span><span style=\"color: #000080;\"><strong>Key Points on DRC-01B (GSTR 3B Vs GSTR 1) functionality are mentioned below:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Intimation of difference in liability reported in statement of outward supplies &amp; that reported in Goods and Services Tax return. Difference in GSTR-1 &amp; 3B return online. This feature is now live on the GST portal.<\/li>\n<li>For every return period, the functionality compares the liability paid in GSTR-3B\/3BQ with the liability declared in GSTR-1\/ Invoice Furnishing Facility. The taxpayer will receive a notification in the form of DRC-01B if the declared liability exceeds the paid liability by more than a predetermined limit or if the percentage difference exceeds the configurable threshold.<\/li>\n<li>Following receipt of a notification, the taxpayer is required to submit a reply in Form DRC-01B Part B, supplying data about the discrepancy and, if not already included in the dropdown, a justification for the disparity.<\/li>\n<li>detailed manual containing the navigation details is offered on the Goods and Services portal to assist taxpayers with the functionality even further. It provides detailed instructions and covers a range of functionality-related topics.<\/li>\n<li>This DRC-01B (GSTR 3B Vs GSTR 1) functionality compares Goods and Services Tax liability declared in GSTR 3B &amp; GSTR-1 for each Goods and Services Tax Return period. Taxpayers will receive intimation in DRC-01B if Declared liability exceeds the paid liability by a specified Limit. Intimation will be sent via mobile message or e-mail,<\/li>\n<li>Taxpayers would be needed to submit GST reply in part B of Form DRC-01B (GSTR 3B Vs GSTR 1) functionality by providing necessary clarification under GST Compliance.<\/li>\n<li>Where taxpayer doesn\u2019t file response to Form DRC-01B functionality for earlier tax period, then for the upcoming Next tax period, they will not be able to file their Form GSTR-1<\/li>\n<li>GST Form DRC-01B is applicable to various types of taxpayers, including regular taxpayers (including special economic zone\u00a0units &amp; special economic zone\u00a0developers)<\/li>\n<li>Navigation to access DRC-01B \u2013 Login&gt;Services&gt;Returns&gt;Return compliance&gt;Liability mismatch (DRC-01B).<\/li>\n<\/ul>\n<p>GSTN issued Important advisory on Online Compliance Pertaining to Liability \/ Difference Appearing in R1 \u2013 R3B (DRC-01B). Frequently Asked Questions on GST Return Compliance in Form DRC-01B (Taxpayer must Intimation of difference in liability reported in statement of outward supplies &amp; that reported in GST Return). GSTN issued Important advisory can be accessed <a href=\"https:\/\/www.gst.gov.in\/newsandupdates\/read\/592\">CLICK HERE<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/archives\/gst-advisory-on-gst-liability-or-difference-appearing-in-gstr-1.pdf\"><strong>GST advisory on Online Compliance related to GST Liability or Difference Appearing in GSTR-1 \u2013 GSTR-3B (DRC-01B)<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DRC-01B (GSTR 3B Vs GSTR 1) functionality implemented on GSTN Portal &#8211; GST Update New GST Form DRC-01B and GST Rule 88C has been inserted recently, this will be an intimation form for the Differences in GSTR-3B &amp; GSTR-1 for the tax period if difference more an specific percentage or amount limit, so GST taxpayers &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[933],"tags":[973],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6582"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=6582"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6582\/revisions"}],"predecessor-version":[{"id":6588,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6582\/revisions\/6588"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=6582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=6582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=6582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}