Page 170 - CA Final GST

Badlani Classes

Chapter : 14

GST : Payment of Tax

Sections 49 to 50 Rules 85 to 88
Sec 49 Payment of tax, interest, Rule 85 Electronic Liability Register
penalty and other amounts
Sec 50 Interest on delayed payment of Rule 86 Electronic Credit Ledger
tax
Rule 87 Electronic Cash Ledger
Rule 88 Identification number of each
transaction

GST PMT 01 Electronic Tax Liability Register
GST PMT 02 Electronic Credit Ledger
GST PMT 03 If refund is rejected then amount shall be re-credited to electronic credit
ledger through an ORDER under this FORM
GST PMT 04 If Reg Person notices some discrepancies in his Electronic Credit
Ledger, then communication FORM
GST PMT 05 Electronic Cash Ledger
GST PMT 06 Generation of Challan for payment
Other Sec Ref
Sec 41 Claim of ITC and provisional acceptance thereof
Sec 73 Demand : Evasion of Tax Cases
Sec 74 Demand : Non evasion of tax cases
Sec 42 Matching, Reversal and reclaim of ITC
Sec 43 Matching, Reversal and reclaim of reduction in output tax liability
Sec 54 Refund of Tax

Sec 49 Payment of tax, interest, penalty and other amounts
1- Every deposit made towards tax, interest, penalty, fee or any other
amount by a person by
- internet banking or
- by using credit or
- debit cards or
- National Electronic Fund Transfer or
- Real Time Gross Settlement or
- by such other mode and subject to such conditions and restrictions
as may be prescribed,
shall be credited to the electronic cash ledger of such person to be
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maintained in such manner as may be prescribed.

Central Goods & Services Tax Act, 2017