S 8- Payment of GST

Chapter-X of CGST Act
Compiled By –
Surabhi Bansal | Exe cutive | I ndirect Tax Ve rtical
Asija & Associates LLP | Charte red Accountants
gst@asija.in

What are the Payments to be made
Under GST Law?
CGST
SGST/
UTGST
IGST
CERTAIN
OTHER
PAYMENTS
TDS/
TCS
Interest
Penalty
Fees
gst@asija.inGST Wing | Asija & Associates LLP

As per Section 39(7) of CGST Act, 2017, every registered person shall pay to the government the
tax due as per his return not later than the last date on which return is to be furnished.
Accordingly following shall be the date of payment: -
What is the Due date for Payment of GST
Type of Registered person Return to be filed Due Date of return and payment
Normal Taxable person GSTR-3 (Monthly) Within 20 days of next month
Composition Supplier GSTR- 4 (Quarterly) Within 18 days after end of Quarter
Person deducting Tax (GST)
at Source
GSTR- 7 (for month in
which deduction made)
Within 10 days of the next month
Non-Resident Taxable
person
GSTR- 5 (Monthly) Within 20 days after end of month or,
Within 7 days after last day of registration

How will the amount of Tax be deposited?
Any person or a person on his behalf, shall
 Generate a challan, in FORM GST PMT-06
 On the Common Portal (gst.gov.in) and
 Enter the details of the amount to be deposited by him towards Tax, Interest,
Penalty, Fee or any other amount.
 The said challan (PMT-06 )shall be valid for 15 days
What are the modes through which deposit can be made?
Payment Due as per challan (PMT–06) shall be deposited in the either of the following
manner, that is :-
 Internet Banking;
 Credit Card or Debit Card;
 NeFT or RTGS;
 Over the Counter payment (OTC) through authorized banks for deposits up to
`10,000/- per challan per tax period, by cash, cheque or demand draft
How to Pay Tax & Other Amounts

 Where the payment is made by way of NeFT or RTGS mode from any bank, then :-
 A mandate form shall be generated along with the challan,
 The mandate form shall be generated at Common portal (gst.gov.in) and
 The mandate form shall be submitted to the bank from where the payment is to be
made.
 The said mandate form shall be valid for a period of 15 days from the date of
generation of challan.
 On successful payment to the concerned government account a Challan Identification
Number (CIN) will be generated and the same shall be indicated in the challan.
 Where the bank account of person making payment is debited but no CIN is generated
or generated but not communicated to the Common Portal,
The said person may represent electronically in FORM GST PMT-07 through the
Common Portal to the Bank or electronic gateway through which the deposit was
initiated.
Deposition of Tax & Other Amounts

 On receipt of CIN, it shall be Automatically credited to the “Electronic Cash Ledger”
of the person on whose behalf the deposit has been made and the Common Portal shall
make available a receipt to this effect.
Note:-
 Commission, if any, payable while making payment through Challan (PMT–06) shall be
borne by the person making such payment.
 Any payment required to be made by a person who is not registered under the Act, shall
be made on the basis of a Temporary Identification Number generated through the
Common Portal.
Deposition of Tax & Other Amounts
Now A Question Comes What is “ELECTRONIC CASH LEDGER” !!!!

 What is Electronic Cash Ledger ?
Every deposit made by a person towards
 Tax, interest, penalty, fee or another amount and
 The said some is paid in through the specified banking / payment channel,
 The said sum shall be recorded in an account maintained at GST Portal,
 The said account shall be known as Electronic Cash Ledger of the concerned person.
 The said Electronic Cash Ledger shall be:-
 Maintained in Form GST PMT – 05
 For each person liable to pay tax and other amounts
 It shall be available on the GST Portal and can be accessed after logging in your GST
Account at Portal.
Electronic Cash Ledger

 Transaction in Electronic Cash Ledger :-
 The Electronic Cash Ledger shall be Automatically Credited with the :-
 Amount of tax and other payments deposited by the person
 Amounted of GST Deducted u/s 51
 Amounted of GST Collected u/s 52
 Claim of any Refund which is rejected, but which was previously allowed, resulting
in debit of Electronic Cash Ledger
 The Electronic Cash Ledger shall be Automatically Debited with the :-
 Refund of any amount claimed by the person
 Amount of credit utilized towards liability of a person on account of tax, interest,
penalty, fees or any other amount payable under GST Law.
Note:-
 In case any discrepancy is noticed in Electronic Cash Ledger, the same should be
reported jurisdictional officer , in Form GST PMT – 04, on GST portal.
Electronic Cash Ledger

 Payment Towards Output Tax liability could be made through Input tax credit reflecting
/ available in “Electronic CREDIT Ledger”
 What is Electronic CREDIT Ledger ?
The Input Tax Credit,
 As self-assessed, in the return of a registered person
 Shall be recorded in an account maintained at GST Portal,
 The said account shall be known as Electronic CREDIT Ledger of the concerned
person
 The said Electronic CREDIT Ledger shall be:-
 For each registered person eligible for Input Tax Credit.
 It shall be available on the GST Portal and can be accessed after logging in your GST
Account at Portal.
Payment of Tax Through Input Credit

 Transaction in Electronic CREDIT Ledger :-
 The Electronic Credit Ledger shall be Automatically Credited with the :-
 Amount of claim of Input Tax credit
 Claim of any Refund which is rejected, but which was previously allowed, resulting
in debit of Electronic Credit Ledger
 The Electronic Credit Ledger shall be Automatically Debited with the :-
 Refund of any amount claimed by the person
 Amount of credit utilized towards its liability on account of tax, interest, penalty,
fees or any other amount payable under GST Law.
Note:-
 In case any discrepancy is noticed in Electronic Credit Ledger, the same should be
 No entry / transaction shall be made directly in the electronic Credit ledger under any
circumstance. Thus can be done Only through the filing of returns.
Electronic Credit Ledger

IGST
IGST
CGST
SGST
UTGST
CGST
CGST
IGST
SGST
SGST
IGST
UTGST
UTGST
IGST
Can the ITC of CGST, SGST, IGST and UTGST available in Electronic Credit
Ledger be utilised against each other?
 No, Input Tax Credit of CGST, SGST, IGST and UTGST can only be utilised as per
following manner and sequence :
Electronic Credit Ledger

What is Electronic Liability Register?
All the liabilities of a taxable person under GST Law, shall be recorded in an
account maintained at GST Portal,
 The said account shall be known as Electronic Liability Register of the
concerned person
 The said Electronic Liability Register shall be:-
 For each person eligible for liable to pay tax, or any other amount under GST Law.
 It shall be available on the GST Portal and can be accessed after logging in your
GST Account at Portal.
What is the order of discharge of liability?
 The liabilities of a taxable person shall be discharged in following order: -
 Tax dues related to previous tax periods
 Tax dues related to current tax period
 Any other amount payable under the Act including demand made.
Electronic Liability Register

 Transaction in Electronic Liability Register :-
 The Electronic Liability Register shall be Debited with the :-
 Amount payable towards tax, interest, late fee or any other amount payable:-
• As per the return furnished by the said person;
• As determined by a proper officer in pursuance of any proceedings
• As ascertained by the said person;
• On Account of amount of tax and interest payable as a result of mismatch of
Input Tax Credit or output tax liability or
• Interest on delayed payment of tax; or that may accrue from time to time.
 The Electronic Liability Register shall be Credited with the :-
 Amount paid towards GST by a person as per his return
 Amount of demand shall be reduced to the extent of relief given by appellate
authority or courts
 In case any discrepancy is noticed in Electronic Liability Register, the same should be
Electronic Liability Register

 As per Section 50(1) of CGST Act, 2017, every person who is liable to pay tax, but
 fails to pay tax or make short payment of Tax to the government within the due date
prescribed,
 Shall pay on his own interest @ 18% p.a. for the period for which tax remains
unpaid.
 Such interest shall be calculated from the day succeeding the day on which such tax
was due to be paid till the date it was paid.
 As per Section 50(3) of CGST Act, 2017, if a Taxable person
 Makes an undue or excess claim of input tax credit; or
 Makes undue or excess reduction in Output tax liability
 Shall pay interest @ 24% p.a. on the undue or excess amount
Delayed / Inaccurate Payment of Tax

RECAP OF ELECTRONIC LEDGER
ELECTRONIC
LEDGERS
Cash ledger
•Reflect all
deposits made
in cash,
TDS/TCS
made
•Making
payments on
account of
GST
Credit ledger
Self assessed
ITC will reflect
here
Credit can be
used for TAX
PAYMENT
ONLY
Liability ledger
Total tax
liability for a
month shown
here
Displayed on
tax payers’
dashboard

THANK YOU
FOR ANY QUERIES KINDLY CONTACT OUR GST TEAM :
CA Rahul Mishra
Partner
(rahul.mishra@asija.in)
CA Amber Agrawal
Associate Director
(amber.agrawal@asija.in)
CA Prakhar Gupta
Associate Director
(prakhar.gupta@asija.in)
ASIJA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS
H.O. : 34/5 , GOKHALE MARG, LUCKNOW
PH. NO. : 0522-4004652,2205072
gst@asija.in

DISCLAIMER
This presentation has been prepared to provide a gist of the applicable law
pertaining to GST as issued till date. (04/07/2017)
For detailed insight and for better understanding of the various provision of the
law, the said presentation should be read along with related provision of CGST
Act, IGST Act, SGST Act & related rules.
We shall not be responsible for any decision taken on the basis of the said
presentation, without obtaining our professional guidance or consultation on
the matter for which reliance was made on this presentation.”

S 8- Payment of GST

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S 8- Payment of GST