Introduction - Payment of Tax, Interest, Penalty and other amount

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..... portal will compute the tax payable by the taxable person on the basis of information of outward supply furnished by him. the tax payable under reverse charge by the taxable person will be computed on the basis of information of outward supply declared by the supplier of such goods or services. Similarly, the amount of tax payable on exports including deemed exports of goods or services will be c .....

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..... lection of tax at source. Lastly section 53 of CGST Act pertains to transfer of input tax credit. Concept pertaining to E-liability ledger, E-cash ledger E-credit ledger which the taxpayer can see on their dashboard once the login to GSTN portal will also be discussed in detail in this chapter. Who is liable to pay of GST Following Person are liable to pay GST the suppli .....

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..... ability to pay arises at the time of supply of Goods as explained in Section 12 of CGST Act and at the time of supply of services as explained in Section13. of CGST Act. The time is generally the earliest of one of the three events, namely receiving payment, issuance of invoice or completion of supply. Different situations envisaged and different tax points have been explain .....

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