As per the Goods and Service Tax (GST) act, there are different forms which have to be filled for the payment of GST. With this, the Government requires the taxpayers to maintain few registers as well. These registers are vital for the assessment and payment of GST related liabilities.
View Sample GST Payment Forms and Registers
| Sr. No.
||Electronic Liability Register
||Register to be maintained by every person liable to pay tax, interest, penalty, late fee or any other GST related amount.
||Electronic Credit Ledger
||Ledger to record every eligible claim of Input Tax Credit (ITC).
||Order for re-credit of the amount to cash or credit ledger on rejection of refund claim
||In case any refund application is rejected, either fully or partially, the rejected amount will be credited (added) to this ledger by the proper officer.
||Application for intimation of discrepancy in Electronic Credit Ledger/Cash Ledger/Liability Register
||Difference in the electronic ledgers can be communicated to the proper officer through this form.
||Electronic Cash Ledger
||Ledger to record the amount deposited as tax, interest, penalty, late fee, etc.
||Challan for deposit of goods and services tax
||Challan to be generated to deposit tax, interest, penalty, fees or any other amount.
||Application for intimating discrepancy relating to payment
||If no Challan Identification Number (CIN) is received after the payment is made, an application this form has to be submitted.
- The payments recorded in the forms/registers are:
- Late fee
- Penalty or
- Any other amount payable under the GST act.
- The GST payments can be deposited through:
- Internet Banking;
- Credit card or Debit card;
- National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS);
- Over the Counter payment (OTC) at authorised banks for deposits up to INR 10,000 per challan per tax period, by cash, cheque or demand draft.
- Form GST PMT-06 will be valid only for fifteen days.
- In case any payment is required to be made by a person who is not registered under the Act, it can be made based on a temporary identification number generated through the Common Portal.
- For every debit/credit in the electronic cash or credit ledger, a unique identification number will be generated. For reference, this number will be indicated in the Electronic Liability Register against the corresponding entry.
- The taxpayer can view the net tax liability in his/her Electronic Liability Register (GST PMT-01) at the end of the month. This is because when any payments are to be made for paying GST liabilities, it will be first debited from the Electronic Credit Ledger (GST PMT-02) or the Electronic Cash Ledger (GST PMT-05). Then, it will be credited to the Electronic Liability Register.
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