Payment of Tax and other Amount In Instalments [Section 80] - GST Ready Reckoner - GST

. PAYMENT OF TAX AND OTHER AMOUNT IN INSTALMENTS PAYMENT OF TAX AND OTHER AMOUNT IN INSTALMENTS [ Section 80 read with rule 158 of CGST Rules] Make application to the Commissioner/Chief Commissioner On an application filed electronically by a taxable person, in FORM GST DRC- 20 , seeking extension of time for the payment of taxes or any amount due under the Act or for allowing payment of such taxes or amount in instalments in accordance with the provisions of section 80, the Commissioner shall call for a report from the jurisdictional officer about the financial ability of the taxable person to pay the said amount . Maximum number of installment Upon consideration of the request of the taxable person and the report of the jurisdictional officer, the Commissioner may issue an order in FORM GST DRC- 21 allowing the taxable person further time to make payment and/or to pay the amount in such monthly instalments, not exceeding twenty-four, as he may deem fit. Installment facility not allowed in the following situation the taxable person has already defaulted on the payment of any amount under the CGST Act or IGST Act or SGST/UTGST Act for which the recovery process is on; the taxable person has not been allowed to make payment in instalments in the preceding financial year under the the CGST Act or IGST Act or SGST/UTGST Act; If Installment amount is less than 25000/-. Consequences In case of default in any of installments However, where there is default in payment of any one installment on its due date, the whole outstanding balance payable on such date shall become payable and recovered without any further notice.