Home List Manuals GSTGST Ready ReckonerGST - Payment of Tax This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Payment by challan - GST Ready Reckoner - GSTExtract Payment by challan Challan [ rule 87(2) of CGST Rules ], 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. Manual or Physical Form - Manual or physical Challans are not allowed under the GST regime. It is mandatory to generate Challans online on the GST Portal. Type of Challan - there is single Challan prescribed for all taxes, fees, penalty, interest, and other payments to be made under the GST regime. i.e. FORM GST PMT-06 . validity of Challan - a challan will be valid for 15 days after its generation and thereafter it will be purged from the System. However, the tax payer can generate another challan at his convenience. Modification in challan after generation - There is no modification is allowed once the challan is finalized and CPIN generated, no further changes can be made to it by the taxpayer. A challan content the following information CPIN, CIN, BRN or E-FPB CPIN stands for Common Portal Identification Number (CPIN) given at the time of generation of challan. It is a 14-digit unique number to identify the challan. As stated above, the CPIN remains valid for a period of 15 days . CIN stands for Challan Identification Number. It is a 18-digit number that is 14-digit CPIN plus 4-digit Bank Code . CIN is generated by the authorized banks/ Reserve Bank of India (RBI) when payment is actually received by such authorized banks or RBI and credited in the relevant government account held with them. It is an indication that the payment has been realized and credited to the appropriate government account . CIN is communicated by the authorized bank to taxpayer as well as to GSTN. BRN or Bank Reference Number is the transaction number given by the bank for a payment against a Challan E-FPB stands for Electronic Focal Point Branch. These are branches of authorized banks which are authorized to collect payment of GST . Each authorized bank will nominate only one branch as its E-FPB for pan India Transactions. The E-FPB will have to open accounts under each major head for all governments. Total 38 accounts (one each for CGST, IGST and one each for SGST for each State/UT Govt.) will have to be opened. Any amount received by such E-FPB towards GST will be credited to the appropriate account held by such EFPB. Other peculiar aspect relating to E-Cash Ledger [ Rule 87 ] The date of credit to the account of the Government in the authorised bank shall be deemed to be the date of deposit in the electronic cash ledger. [ Explanation (a) Section 49 of the CGST Act ] On successful credit of the amount to the concerned government account maintained in the authorised bank, a Challan Identification Number shall be generated by the collecting bank and the same shall be indicated in the challan. On receipt of the Challan Identification Number from the collecting bank, the said amount shall be credited to the electronic cash ledger of the person on whose behalf the deposit has been made and the common portal shall make available a receipt to this effect. Where the bank account of the person concerned, or the person making the deposit on his behalf, is debited but no Challan Identification Number 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. where the bank fails to communicate details of Challan Identification Number to the Common Portal, the Electronic Cash Ledger may be updated on the basis of e-Scroll of the Reserve Bank of India in cases where the details of the said e-Scroll are in conformity with the details in challan generated in FORM GST PMT-06 on the Common Portal. I n c a s e a ny discrepancy is noticed in electronic cash ledger, the registered person shall communicate the same to the officer exercising jurisdiction in the matter, through the common portal in FORM GST PMT-04. Identification number for each transaction [ Rule 88 ] (1) A unique identification number shall be generated at the common portal for each debit or credit to the electronic cash or credit ledger, as the case may be. (2) The unique identification number relating to discharge of any liability shall be indicated in the corresponding entry in the electronic liability register. (3) A unique identification number shall be generated at the common portal for each credit in the electronic liability register for reasons other than those covered under rule 88(2).
|