Payment of tax, interest, penalty and other amounts through E-cash ledger - Section 49 - GST Ready Reckoner - GST

Payment of tax, interest, penalty and other amounts through E-cash ledger (Section 49) (1) Mode of Payment of tax in E- cash ledger [ Section 49(1),(3)(6)(10) (11) read with Rule 87 ] The electronic cash ledger under section 49(1) shall be maintained in FORM GST PMT-05 for each person, liable to pay tax, interest, penalty, late fee or any other amount, on the common portal for crediting the amount deposited and debiting the payment therefrom towards tax, interest, penalty, fee or any other amount. 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. [ Rule 87(2) ] There are following modes of payment of GST , namely:- Internet Banking through authorised banks; Unified Payment Interface (UPI) from any bank; Immediate Payment Services (IMPS) from any bank; Credit card or Debit card through the authorised bank; National Electronic Fund Transfer or Real Time Gross Settlement from any bank; or Over the Counter payment through authorised banks for deposits up to 10,000/- per challan per tax period, by cash, cheque or demand draft. Restriction on cash deposit over the counter not apply , The restriction for deposit up to ten thousand rupees per challan in case of an Over the Counter payment shall not apply to deposit to be made by Government Departments or any other deposit to be made by persons as may be notified by the Commissioner in this behalf; Proper officer or any other officer authorised to recover outstanding dues from any person, whether registered or not, including recovery made through attachment or sale of movable or immovable properties; Proper officer or any other officer authorised for the amounts collected by way of cash, cheque or demand draft during any investigation or enforcement activity or any ad hoc deposit. Payment of GST in case of OIDAR A person supplying OIDAR services from a place outside India to a non-taxable online recipient referred to in section 14 of the IGST Act, 2017 may also make the deposit under rule 87(2) through international money transfer through Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment network, from the date to be notified by the Board. Example:- Mr. Narang provide a OIDAR services to Mr. Smit outside India (US) by a M/s UCO Ltd. that is also in US. In such case Mr. Narang is arranges or facilitates the supply of such services, shall be deemed to be the recipient of such services from the supplier of services in non-taxable territory and supplying such services to the non-taxable online recipient. (2) Manner of Utilization of amount reflected in electronic cash ledger Any amount available in the electronic cash ledger may be used for making any payment towards tax, interest, penalty, fees or any other amount payable under the provisions of this Act or the rules made thereunder in such manner and subject to such conditions and within such time as may be prescribed. [Section 49(3) of the CGST Act] Section 49(10) and (11) provide facility to the registered person to transfer amount of tax from on (Major/Minor) to another (Major/Minor) head of E-cash Ledger. A registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the Act to the another account in electronic cash ledger for the same assessee in FORM GST PMT-09 . This Form GST PMT-09 can be used either for transfer of erroneous deposits under any minor head of a major head to any other minor head of same or other major heads or transfer of any of the amounts already lying unutilised under any of the minor heads in Electronic Cash ledger. Section 53A provides for transfer of amount between Centre and States in accordance with section 49 of the CGST Act allowing transfer of an amount from one head to another head in the electronic cash ledger of the registered person. Other peculiar aspect relating to E-Cash Ledger Any amount deducted under section 51 or collected under section 52 and claimed 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. Where a person has claimed refund of any amount from the electronic cash ledger, the said amount shall be debited to the electronic cash ledger. If the refund so claimed is rejected, either fully or partly, the amount debited under sub-rule (10), to the extent of rejection, shall be credited to the electronic cash ledger by the proper officer by an order made in FORM GST PMT-03 . A registered person shall, upon noticing any discrepancy in his electronic cash ledger, communicate the same to the officer exercising jurisdiction in the matter, through the common portal in FORM GST PMT-04 .