Introduction :
Goods and Service Tax is an ambitious tax regime applicable from the 1st of July 2017 made a wide variety of indirect taxes subsumed into it. The authorities has published the due dates for the price of GST. The GST charge due date for common taxpayers is the 20th of subsequent month whilst the GST charge due date for composition scheme sellers is the 18th of subsequent quarter . Get more details about Gst Registration in puducherry
Update In GST Payment:
- 07th July 2022: The CBIC has posted round no 171/03/2022 for the issues’ clarification of penalty and demand provisions underneath CGST Act, 2017.
- 05th April 2022: Authority of Advance Ruling (AAR) of the Telangana bench has ordered to pay GST (Goods and Services Tax) on furnish price that consists of Interest related to delayed payment.
GST Payment Due Dates for Composition and General Scheme Taxpayers
| Type of Taxpayer | GST Payment Due Dates |
| General | 20th Day of the Next Month |
| Composition | 18th Day of the Next Month of Quarter |
| Non-Resident | 20th Day of the Next Month |
| Input Service Distributor | 13th Day of the Next Month |
| TDS Deductor | 10th Day of the Next Month |
| TCS Collector | 10th Day of the Next Month |
Interest on Late Payment of GST
The GST Penalty Regulations provide that taxpayers who don’t pay their taxes on time will be assessed a fine of 18 percent annually. For each day that passes after the due date, the hobby will be charged.
For a better understanding, look at the example below: Let’s say you owe Rs. 2,000 in taxes and failed to pay them on time for a particular month.
Penalty on Missing GST Due Date :
In these situations, where taxpayers fail to file their returns by the specified due dates, they are required to pay a late fee, up to a maximum of Rs. 5000, at the rate of If there is any tax liability, the rate is Rs. 50 per day, or Rs. 25 per day for CGST and SGST, respectively, and Rs. 20 per day, or Rs. 10 per day for CGST and SGST (in case of Nil tax liability).
GST Payment Rules and Regulations for Taxpayers :
The digital money ledger will be credited if fee for tax, interest, penalty and price has been made by internet banking, credit score card, NEFT, RTGS. While the quantity can be used for the price of interest, tax, penalty which is final in the digital money ledger of the taxpayer
A fee for GST PMT-06 shape is performed via challan whilst the challan is solely legitimate for the time length of 15 days. When the fee is carried out successfully, a Challan Identification Number (CIN) is generated. If in any case the CIN is now not generated than the taxpayer can file Form GST PMT-07
Online repayments even made after eight pm will be credited on the equal day to the taxpayer’s account. While there will be no bodily challan standard for the GST charge whilst the challans will be generated from the gst.gov.in solely for all the repayments of taxes, fees, penalty, interest
For the price of challan beneath the ten thousand rupees limit, it can be completed over the counter with cash, cheques, demand draft thru licensed banks whilst for the repayments exceeding the quantity of ten thousand will be amassed via digital mode only
Other Rules of the Challan include the following:
- Just straight away after the advent of CPI and frequent portal identification number, all new challan can be modified or edited. If there is any trade in the quantity there need to be new challan generated additionally if the challan incorporates an improper information will expire robotically after 15 days
- Each and each challan have to be issued with a separate cheque or DD
- A partly crammed challan can be saved in the post-login mode and can be accessed the use of the direction > Services > Payments > My Saved Challans. A most of 10 challans can be saved on the GST portal with the validity duration of 7 days
- The machine will avert any new era of OTC challan if there is any unpaid OTC challan generated with the tax duration quantity exceeding rupees ten thousand The challan will additionally routinely get canceled or expire after 7 day validity period
- When transferring money using RTGS to the RBI, UTR will be utilised
- While the UTI ought to be linked, If in case the fee is no longer up to date even after two hours on the touchdown page, there will be an alternative to hyperlink the UTR
- On behalf of a taxpayer, the 0.33 celebration can make the payments
- Process of Making GST Payments on a Portal by an Unregistered Person
- GSTN presents a entire GST fee system by using an unregistered character through producing a person ID on the respectable authorities portal. Here, we disclosed step via step guide.
How Can a User ID Be Generated on the Portal?
- Open the website https://www.gst.gov.in with a secure browser right now. To create a user ID for an unregistered applicant, select Services – User Services.
- After, you have to pick one alternative from Resident or Non-Resident status
- After pick out one, they can file the obligatory fields such as state, criminal identify as per PAN, change name, small print of the authorized signatory, and tackle of the approved signatory and address.
- After filling required details, enter the captcha code, and then click on on ‘Proceed’. You will obtain OTPs on your registered cell wide variety and email.
Process of GST Payment :
Step 1 :Go to gst website
Step 2 : tap on Payment
Step 3 : Go to Create Challan Enter the ID generated above and make payment
GST Payment Verification Procedure :
Step 1 : visit gst portal
Step 2 : Click Payment
Step 3: Navigate to Track Payment Status and enter the CPIN and GSTIN that were produced in Step 2 above.
Step 4 :click on track status.
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