Key highlights on Payment of GST

आओ GST सीखें:

Very very very IMPORTANT:-

Highlights on  Tax Payment Process under GST:

1. Only 25 banks have been authorised to collect GST.
2. HDFC, ICICI and Axis Banks are not eligible to collect GST.
3. Regd persons having their accounts with these banks can pay only through NEFT/RTGS only.
4. All tax challans are to be created only after logging into your GST account.
5. CPIN will be generated for each such challan created.
6. Such challan can be used to pay later but only within 15 days.
7. Such challans having CPIN are also required even if you wish to pay through epayment or debit/credit card.
8. After payment of challan either at bank or epayment mode, a CIN number will be generated.
9. If payment is made through NEFT/RTGS, then you have to log in to your account and enter your UTR number in your profile.
10. Three days after the generation of CIN or entering your UTR, your tax payment will be reflected in your e-cash ledger.
11. Only after the payment is reflected in your e-cash ledger, you can adjust/pay your output liability.
12. This concept of three days is different from what is in IT, etc.

So, major conclusion is:

You must pay your taxes well 3 days before you file your GSTR-3. Only then you will be able to file your GSTR-3. In other words, if last date of filing GSTR-3 is 20th, then last date of payment will be 17th.
So please be sure to pay off your tax liability  by 15-17th of each month.

Regards,

CA Lalit Aggarwal,
9999565491

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