EXCLUSIVE

"Grand Theft Auto V" attempted to lowball rapper Daz Dillinger, then jacked his music without paying him a cent ... this according to a cease and desist letter Daz fired off to the makers of GTA V.

In the letter to Take-Two Interactive Software and Rockstar Games, Daz and his attorney say "C-Walk" and "Nothin' But the Cavi Hit" are used in the record-setting game, even though Daz turned down the company's "offensively low offer of $4,271.00 for both songs."

Now, the ex-member of the legendary Dogg Pound is demanding they make him a better offer or -- and this is a biggie -- recall and destroy ALL unsold copies of the game.

Keep in mind ... more than 15 million copies of GTA V have already sold -- and there are probably just as many, if not more, sitting on store shelves right now.

Not to mention the riot such a recall would cause in the gaming community.

Daz tells TMZ this case is about "respecting an artist's work. Rockstar didn't do that here and I can't let them get away with it."

Daz and his attorneys at Kushner Carlson are giving the GTA V makers 14 days to comply with their demands ... or strike a deal.

Tick tock ...