GST – PAYMENT OF TAX – Draft Rules 31-3-2017
GST
Dated:- 2-4-2017
GST – PAYMENT OF TAX – Draft Rules 31-3-2017
\n=============
\nDocument 1
\n(1)
\nChapter
\nPAYMENT OF TAX
\n1. Electronic Tax Liability Register
\nThe electronic tax liability register specified under sub-section (7) of section 49 shall
\nbe maintained in FORM GST PMT-01 for each person liable to pay tax, interest, penalty, late
\nfee or any other amount on the Common Portal and all amounts payable by him shall be debited
\nto the said register.
\n(2)
\n(3)
\nThe electronic tax liability register of the person shall be debited by:-
\n(a)
\nthe amount payable towards tax, interest, late fee or any other amount payable
\nas per the return furnished by the said person;
\n(b)
\nthe amount of tax, interest, penalty or any other amount payable as determined
\nby a proper officer in pursuance of any proceedings under the Act or as ascertained by
\nthe said person;
\n(c) the amount of tax and interest payable as a result of mismatch und<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ash ledger maintained as per rule 3 and the electronic tax liability register shall be credited = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ed to be rejected, if the appeal = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Portal = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n imed refund of any amount from the electronic cash ledger, the = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST – PAYMENT OF TAX – Draft Rules 31-3-2017 GSTDated:- 2-4-2017GST – PAYMENT OF TAX – Draft Rules 31-3-2017 ============= Document 1 (1) Chapter PAYMENT OF TAX 1. Electronic Tax Liability Register The electronic tax liability register specified under sub-section (7) of section 49 shall be maintained in FORM GST PMT-01 for each person liable … Continue reading “GST – PAYMENT OF TAX – Draft Rules 31-3-2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2563","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/2563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2563"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/2563\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\naccordingly.
\n(5)
\nAny amount of demand debited in the electronic tax liability register shall stand reduced
\nto the extent of relief given by the appellate authority or Appellate Tribunal or court and the
\nelectronic tax liability register shall be credited accordingly.
\n(6) The amount of penalty imposed or liable to be imposed shall stand reduced partly or
\nfully, as the case may be, if the taxable person makes the payment of tax, interest and penalty
\nspecified in the show cause notice or demand order and the electronic tax liability register shall
\nbe credited accordingly.
\n2.
\n(1)
\nElectronic Credit Ledger
\nThe electronic credit ledger shall be maintained in FORM GST PMT-02 for each
\nregistered person eligible for input tax credit under the Act on the Common Portal and every
\nclaim of input tax credit under the Act shall be credited to the said Ledger.
\n(2) The electronic credit ledger<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nis finally rejected or if the claimant gives an undertaking to the proper officer that he shall not
\nfile an appeal.
\n3.
\n(1)
\nElectronic Cash Ledger
\nThe electronic cash ledger under sub-section (1) of section 49 shall be maintained in
\nFORM GST PMT-05 for each person, liable to pay tax, interest, penalty, late fee or any other
\namount, on the Common Portal for crediting the amount deposited and debiting the payment
\ntherefrom towards tax, interest, penalty, fee or any other amount.
\n(2)
\nAny person, or a person on his behalf, shall generate a challan in FORM GST PMT-
\n06 on the Common Portal and enter the details of the amount to be deposited by him towards
\ntax, interest, penalty, fees or any other amount.
\n(3) The deposit under sub-rule (2) shall be made through any of the following modes:
\n(i)
\n(ii)
\n(iii)
\nInternet Banking through authorized banks;
\nCredit card or Debit card through the authorised bank;
\nNational Electronic Fund Transfer (NEFT) o<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nshall be valid for a period of fifteen days.
\nExplanation.\u2013 For making payment of any amount indicated in the challan, the commission, if
\nany, payable in respect of such payment shall be borne by the person making such payment.
\n(4) Any payment required to be made by a person who is not registered under the Act, shall
\nbe made on the basis of a temporary identification number generated through the Common
\nPortal.
\n(5) Where the payment is made by way of NeFT or RTGS mode from any bank, the
\nmandate form shall be generated along with the challan on the Common Portal and the same
\nshall be submitted to the bank from where the payment is to be made:
\nProvided that the mandate form shall be valid for a period of fifteen days from the date of
\ngeneration of challan.
\n(6) On successful credit of the amount to the concerned government account maintained in
\nthe authorised bank, a Challan Identification Number (CIN) will be generated by the collecting
\nBank and the same shall <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nsaid amount shall be debited to the electronic cash ledger.
\n(11) If the refund so claimed is rejected, either fully or partly, the amount debited under sub-
\nrule (10), to the extent of rejection, shall be credited to the electronic cash ledger by the proper
\nofficer by an order made in FORM GST PMT-03.
\n3
\nExplanation.- For the purposes of this rule, a refund shall be deemed to be rejected if the appeal
\nis finally rejected or if the claimant gives an undertaking to the proper officer that he shall not
\nfile an appeal.
\n4. Identification number for each transaction
\n(1)
\nA unique identification number shall be generated at the Common Portal for each debit
\nor credit to the electronic cash or credit ledger, as the case may be.
\n(2)
\nThe unique identification number relating to discharge of any liability shall be indicated
\nin the corresponding entry in the electronic tax liability register.
\n(3)
\nA unique identification n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n