OCTOBER 2016
www.bdo.in
SUMMARY OF GOODS AND SERVICES TAX PAYMENT RULES
The Draft GST Rules on Payment provide for the ledgers/ registers that an assessee
needs to maintain on the GST Electronic Portal:
Common Portal
Electronic Tax
Liability Register
Electronic Credit
Ledger
Form GST PMT -1
Form GST PMT -2
Electronic Cash
Ledger
Form GST PMT -3
Below is the extract of each account and the transactions that would be reflected
therein
1. Extract of Electronic Tax Liability Register:
UID
A1
A2
A3
A4
Particulars
Tax / Interest / Penalty /
Fees payable in the normal
course of business
Tax / Interest / Penalty /
Fees payable on account of
any proceedings
Tax / Interest / Penalty /
Fees payable as a result of
mismatch u/s 29 / 29A /
43C
Any amount of demand
Dr
UID
XX
B1
Amount Paid from
Electronic Credit Ledger
(XX)
XX
B2
Amount Paid from
Electronic Cash Ledger
(XX)
XX
B3
Any Relief against the
demands raised
(XX)
XX
Particulars
Cr
2. Extract of Electronic Credit Ledger:
UID
Particulars
Dr
UID
Particulars
Cr
B1
Liability discharged
XX
C1
Input tax credit (ITC) claimed
(XX)
C3
Refund of Un-utilized ITC
XX
C2
Refund of Un-utilized ITC rejected
(XX)
Particulars
Dr
UID
B2
Tax / Interest / Penalty / Fees discharged
XX
D1
Amount deposited
(XX)
D4
Refunds
XX
D2
TDS / TCS deposited
(XX)
D3
Refund rejected
(XX)
3. Extract of Electronic Cash Ledger:
UID
Particulars
Cr
Notes:
A. A Unique Identification Number (UID) shall be generated at the common portal for each debit or credit to the
Electronic Cash or Credit Ledger
B. Amount can be deposited (in Form GST PMT – 4, valid for a period of 15 days from the date of generation) in the
following ways:
i. Through internet banking
ii. Debit / credit card
iii. NEFT / RTGS
iv. Over the Counter (OTC) if the amount is less than Rs. 10,000/C. OTC payment shall not apply to deposits made by –
i. Government departments or any other deposit made by persons as may be notified by the SGST
ii. Proper officer or any officer authorised to recover outstanding dues from any person, whether registered or not,
including recovery made through attachment or sale of movable / immovable properties
iii. Proper officer or any officer authorised for the amounts collected by way of cash/cheque/demand draft during
any investigation or enforcement activity or any adhoc deposit
D. In case of temporary registration, amount needs to be deposited using Form GST PMT – 5
E. Upon successful payment, Challan Identification Number (CIN) is generated and the said amount is credited to the
Electronic Cash Ledger (refer D1 in table 3. above)
In case the bank account of the concerned taxable person is debited but CIN is not generated, then the said person
may electronically file a representation in Form GST PMT - 6 through the common portal.
If you require any further information about the material contained in the update, please get in touch with:
CONTACT US
Suresh Rohira
Partner
Indirect Tax
[email protected]
Tel: +91 22 3332 1608
Mumbai
The Ruby, Level 9, North West Wing,
Senapati Bapat Marg, Dadar (W),
Mumbai – 400028, INDIA
Tel: +91-22-3332 1600
New Delhi - Gurgaon
The Palm Spring Plaza
Office No. 1501-08, Sector-54,
Golf Course Road, Gurgaon-122001, INDIA
Tel: +91-124-281 9000
Prashant Raizada
Partner
Indirect Tax
[email protected]
Tel: +91 124 281 9003
Naveen Rajpurohit
Partner
Indirect Tax
[email protected]
Tel: +91 80 4656 1307
Pune
Floor 7 [VERVE], Building # 1
Cerebrum IT Park, Kalyani Nagar
Pune 411014, INDIA
Tel: +91 20 4019 9999
Bengaluru
Unit # 101, Raheja Chancery,
133, Brigade Road,
Bengaluru 560 025 INDIA
Tel: +91-80-4656 1300
Hyderabad
Manbhum Jade Towers, II Floor
6-3-1090/A/12 & 13
Somajiguda, Hyderabad 500082, INDIA
Tel: +91-40-3024 2999
Note: This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied
upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice.
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