Payment of tax, interest, penalty and other amounts analysis :
A. ELECTRONIC CASH LEDGER:
The provisions regarding Electronic Cash Ledger and amounts credited into this ledger are dealt with in sub-Section (1) & (3) of Section 49 of the CGST Act.
1. Deposit of tax, interest, penalty, fee or any other amount by a taxable person can be made by the following modes: –
— Internet Banking
— Credit /Debit cards
— National Electronic Fund Transfer (NEFT)
— Real Time Gross Settlement (RTGS)
— 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.
This amount restriction is not applicable to remittances by
Government Departments
Proper Officer or any other Officer recovering outstanding dues or during any investigation or enforcement activity or ad hoc deposit
— International money transfer through Society for Worldwide Interbank Financial Telecommunication payment network- for person supplying online information and database access or retrieval services from a place outside India to a nontaxable online recipient
— Any other mode as may be prescribed.
2. The ‘deposit’ made by one of the above-mentioned modes will be credited to the Electronic Cash Ledger of the taxable person. This ledger shall be maintained in FORM GST PMT-05
3. 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 be deposited by him towards tax, interest, penalty, fees or any other amount
4. The challan in FORM GST PMT-06 generated on the Common Portal shall be valid for a period of fifteen days
5. A person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient may also do so through the Board‘s payment system namely, Electronic Accounting System in Excise and Service Tax from the date to be notified by the Board.
6. Any payment required to be made by a person who is not registered under the Act, shall be made on the basis of a temporary identification number generated through the Common Portal
7. Date of credit into the account of the Government is deemed to be the date of deposit (not the actual date of debit to the account of the taxable person)
8. On successful credit of the amount to the concerned government account maintained in the authorised bank, a Challan Identification Number (CIN) will be generated by the collecting Bank and the same shall be indicated in the challan
9. Where the bank account of the person concerned, or the person making the deposit on his behalf, is debited but no Challan Identification Number (CIN) is generated or generated but not communicated to the Common Portal, the said person may represent electronically in FORM GST PMT-07 through the Common Portal to the Bank or electronic gateway through which the deposit was initiated
10. The amount available in the Electronic Cash Ledger may be used for making any payment towards tax, interest, penalty, fees or any other amount payable for the same head under the provisions of the Act or Rules.
11. Any payment made towards respective Account Heads shall only be utilized for offset of liability of that head of account. For example, if IGST is paid through a Challan, then this cash balance against IGST in the cash ledger shall only be utilized for payment of IGST.
12. Any amount deducted under section 51 (TDS by Central / State Government or local authority or Government Agencies) or collected under section 52 (TCS by e -commerce operator) and claimed in FORM GSTR-02 by the registered taxable person from whom the said amount was deducted or, as the case may be, collected shall be credited to his electronic cash ledger