Oct 17, 2017
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GST online payment in relation to Electronic Cash Ledger

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GST online payment

GST online payment article mainly focused on the payment rules and regulation that has so stated to follow by the registered person for paying tax with reference sections and rules.

However GST online payment article further talks about payment of tax with reference to RULE-3. Electronic cash ledger and RULE-4 Identification number for each transaction.

Furthermore , GST tax payment article mainly talks about the rules that are revised by the GST council.

Under GST , the council has clearly stated the types and forms so required to file the return.  Thus only registered person has right to claim. And filed for return under GST India.

RULES

FORM, CONTENT WITH REFERENCE

3. Electronic Cash Ledger

FORM GST PMT-05

The electronic cash ledger under section 49(1) shall maintain. Such ledger maintained for each person, liable to pay tax, interest, penalty, late fee or any other amount, on the Common Portal. And for also crediting the amount deposited and debiting the payment there in.

FORM GST PMT-06

Any person, or a person on his behalf, shall generate a challan and enter the details of the amount to deposit by him towards tax, interest, penalty, fees or any other amount.

FORM GST PMT-07

Where the bank account of the person concerned, or the person making the deposit on his behalf, so debited. Then on that no Challan Identification Number (CIN) said to generate or if  generated but not communicated .

4. Identification number for each transaction

Sub rule(1) A unique identification number shall generate at the Common Portal for each debit or credit to the electronic cash or credit ledger, as the case may be.

3. Electronic Cash Ledger

(1) The electronic cash ledger under sub-section (1) of section 49 shall maintain in FORM GST PMT-05 for each person. Such person is liable to pay tax, interest, penalty, late fee or any other amount, on the Common Portal for crediting the amount deposited and debiting the payment there from towards tax, interest, penalty, fee or any other amount.

(2) Thus, any person, or a person on his behalf, shall generate a Challan in FORM GST PMT- 06 on the Common Portal. And enter the details of the amount to deposit by him towards tax, interest, penalty, fees or any other amount.

(3) The deposit under sub-rule (2) shall made through any of the following modes:

(i) Internet Banking through authorized banks;

(ii) Credit card or Debit card through the authorised bank;

(iii) National Electronic Fund Transfer (NeFT) or Real Time Gross Settlement (RTGS) from any bank;

(iv) Over the Counter payment (OTC) through authorized banks for deposits up to ten thousand rupees per challan per tax period, by cash, cheque or demand draft:

Provided that the restriction for deposit up to ten thousand rupees per challan in case of an Over the Counter (OTC) payment shall not apply to deposit to made by –

(a) Government Departments or any other deposit to be made by persons as may be notified by the Commissioner in this behalf;

(b) Proper officer or any other officer authorised to recover outstanding dues from any person, whether registered or not, including recovery made through attachment or sale of movable or immovable properties;

(c) Proper officer or any other officer authorized for the amounts collected by way of cash, cheque or demand draft during any investigation or enforcement activity or any ad hoc deposit:

Provided further that the challan in FORM GST PMT-06 generated at the Common Portal shall be valid for a period of fifteen days.

Explanation.–

For making payment of any amount indicated in the challan, the commission, if any, payable in respect of such payment shall be borne by the person making such payment.

(4) Thus any payment required to be made by a person who is not registered under the Act.Then shall made on the basis of a temporary identification number generated through the Common Portal.

(5) However , where the payment made by way of NEFT or RTGS mode from any bank. Then mandate form shall  generate along with the challan on the Common Portal. And the same shall submit to the bank from where the payment is to be made:

Provided that the mandate form shall be valid for a period of fifteen days from the date of generation of challan.

(6) Thus On successful credit of the amount to the concerned government account maintained in the authorized bank. A Challan Identification Number (CIN) will be generated by the collecting Bank and the same shall be indicated in the challan.

(7) However, On receipt of CIN from the authorized Bank, the said amount shall credited to the electronic cash ledger of the person on whose behalf the deposit has made and the Common Portal shall make available a receipt to this effect.

(8) Where the bank account of the person concerned, or the person making the deposit on his behalf, debit but no Challan Identification Number (CIN) is generated or generated but not communicated to the Common Portal. Then, the said person may represent electronically in FORM GST PMT-07.  Through the Common Portal to the Bank or electronic gateway he will the initiate the deposit.

(9) Any amount deducted under section 51 or collected under section 52 and claimed in FORM GSTR-02 by the registered taxable person.

From whom the said amount so deducted or, as situation arises collected amount shall credit to his electronic cash ledger in accordance with the provisions of rule-2 Return.

(10) Furthermore,Where a person has claimed refund of any amount from the electronic cash ledger, the said amount shall debit to the electronic cash ledger.

(11) If the refund so claim is rejected, either fully or partly, the amount debited under subrule (10) to the extent of rejection. shall credit to the electronic cash ledger by the proper officer by an order made in FORM GST PMT-03.

Explanation.-

For the purposes of this rule, a refund shall deem to reject if the appeal is finally rejected or if the claimant gives an undertaking to the proper officer that he shall not file an appeal.

RULE-4. Identification number for each transaction regarding GST tax payment :

(1)However, a unique identification number shall  generate at the Common Portal for each debit or credit to the electronic cash or credit ledger, as the case may be.

(2) Thus unique identification number relating to discharge of any liability that shall indicate in the corresponding entry in the electronic tax liability register.

(3) A unique identification number shall generate at the Common Portal for each credit in the electronic tax liability register for reasons other than those covered under sub-rule (2).

 

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Renuka is a Final Year LL.B. student at Siddharth College of Law. She has done her Bachelors in Banking & Insurance and has also completed her Masters in Business Management . She likes to participate in legal workshops and Moot Courts. Besides her interest in law, she has a keen aptitude for legal research and is good at putting her analysis into words.

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