What is DRC-14?
Asked by: Gertrude Kshlerin IV | Last update: April 4, 2026Score: 5/5 (7 votes)
DRC-14 is an Indian Goods & Services Tax (GST) form, the "Certificate of Payment to a Third Person," issued by tax authorities to confirm that a third party (like a debtor or related entity) has paid the outstanding GST dues for a defaulting taxpayer, acting as proof of payment and discharge of liability for that third party. It's part of the Demand & Recovery (DRC) series used for collecting unpaid taxes and follows a DRC-13 notice, which directed the third party to pay the government directly.
What is meant by DRC?
DRC has several meanings, most commonly referring to the Democratic Republic of the Congo, but also used in texting for "don't really care," in audio for Dynamic Range Compression, and in technology for Design Rule Check, among others like Disaster Recovery Center. The context determines the meaning, from a country in Central Africa to an audio setting on your TV or a technical term in electronics.
What is DRC 13 notice?
Recovery from third parties. The proper officer may, by a notice in Form GST DRC-13, require any other person from whom money is due or may become due to such person or who holds or may subsequently hold money for or on account of such person, to pay to the credit of the Central or a State Government.
What is DRC payment?
DRC stands for \"Debit Reversal Credit\". It indicates a transaction was debited but not successfully credited to the receiver due to technical or network issues.
What is the difference between DRC 01 and DRC 02?
DRC-01: This is issued when the GST department demands payment for taxes due. DRC-02: This notice is sent when a taxpayer agrees to pay the taxes due under the terms set by the department.
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What is the DRC-14 in GST?
DRC-14 is a certificate of payment issued by the GST officer when a third party pays the tax dues of a defaulting taxpayer. It is issued only after a DRC-13 notice is served to the third party, instructing them to pay directly to the government.
What does DRC stand for?
DRC has several meanings, most commonly referring to the Democratic Republic of the Congo, but also used in texting for "don't really care," in audio for Dynamic Range Compression, and in technology for Design Rule Check, among others like Disaster Recovery Center. The context determines the meaning, from a country in Central Africa to an audio setting on your TV or a technical term in electronics.
What does DRC mean in banking?
In the context of digital payments (like UPI), DRC also stands for "Debit Reversal Credit." This occurs when a transaction is debited from an account but fails to credit the receiver due to technical issues, leading to a reversal.
How to pay DRC payment?
Login to the GST Portal with valid credentials. Click the Services > User Services > My Applications option. 2. Select the Intimation of Voluntary Payment - DRC - 03 from the Application Type drop-down list.
How many types of DRC are in GST?
DRC forms in GST are basically related to demands and recovery proceedings. Only a few DRC forms came to use like DRC-03, DRC-01, and DRC-01A, etc. Notably, there are 28 DRC forms.
How do you respond to DRC 13?
How to reply to GST audit notice – DRC-13? The reply of DRC-13 has to be furnished through the FORM GST DRC-14. The defaulter has to deposit the amount specified in the notice DRC-13.
Who is exempt from 1% cash payment in GST?
The following category of tax persons are exempted from payment of 1% of GST in Cash 1. Registered taxpayers who have paid income tax above Rs 1.00 in Income Tax during the last two years continuously 2. Taxpayers who have zero-rated supplies without payment of duty and claimed refund of more than Rs 1.00 lac 3.
Why is Form 13 required?
Form 13 is an application form that taxpayers submit to the Assessing Officer of the Income Tax Department for a lower or nil TDS deduction. Some taxpayers' total tax liability is less than the amount of TDS deducted. In such cases, the deduction of TDS will leave the taxpayers with no liquidity.
What is a DRC violation?
Summary. A violation object marks where one or more design objects are violating a design rule. Violation objects are also known as DRC (Design Rule Check) Error Markers. They are added to the design when a violation is detected by the online or the batch Design Rule Check (DRC) feature.
What is DRC most known for?
The Democratic Republic of Congo (DRC) is the largest country in Sub-Saharan Africa (SSA). The DRC is endowed with exceptional natural resources, including minerals such as cobalt and copper, hydroelectric potential, significant arable land, immense biodiversity and the world's second largest rainforest.
What does DRC stand for in law?
This article describes divorce mediation as it is practiced through a Dispute Resolution Center (DRC).
What is DRC credit?
This mechanism ensures that the payer receives their funds back in case of a failed transaction. Some sources also refer to DRC as "Debit Reversal Credit" or "Device Registration and Credentialing," though the former is more often associated with transaction failure resolution.
What is the full form of DRC payment?
DRC means Demand and Recovery Code, which is a representation of the process utilized by the GST authorities for issuance of notices, amount due recovery as well as arrear tax recovery.
What is the difference between DRC-01 and DRC 01A?
GST DRC-01 is a summary of the show cause notice to a taxpayer, while Form GST DRC-01A is an intimation issued before the show cause notice.
What does DRC stand for in finance?
The default risk capital (DRC) requirement is intended to capture jump-to-default (JTD) risk that may not be captured by credit spread shocks under the sensitivities-based method.
How long do delinquencies stay on a credit report?
Late payments generally stay on your credit report for up to seven years from the original date of the missed payment (the first delinquency date), after which they should be removed, even if the account is still open or sold. While the negative impact lessens over time, ensuring payments are made on time or quickly resolving issues with your creditor are crucial steps to rebuilding your credit.
What is the minimum deposit amount required to open a DRIC account?
Union Bank of India Deposit Re-Investment Certificate (DRIC)
- Minimum deposit amount: Rs 1,000.
- Tenure: 6 months -10 years.
- Nomination and loan facilities are available.
- Premature withdrawal of deposits is allowed.
- Automatic renewal facility is available.
What is a DRC code?
A direct reference code (DRC) is a specific code referenced directly in the electronic clinical quality measure logic to describe a data element or one of its attributes. DRC metadata include the description of the code, the code system including the code, and the version of that code system.
What is the DRC also known as?
The Democratic Republic of Congo (DRC), formerly known as the Republic of Zaire, is geographically the largest state in Southern and Central Africa.
What does DRC stand for in social security?
Delayed retirement credits (DRCs) are credits we use to increase the amount of your old-age benefit amount. You may earn a credit for each month during the period beginning with the month you attain full retirement age (as defined in § 404.409) and ending with the month you attain age 70 (72 before 1984).