The due date for payment of tax is 20th of the succeeding month. In other words, the liability for the month of July, 2017 (1st July, 2017 to 31st July, 2017) is required to be discharged on 20th August, 2017.
GST can be paid either by cash or by utilizing Input Tax Credit. It may be noted that cross utilization of CGST & SGST is not permitted. In other words, ITC of CGST cannot be utilized for payment of SGST and vice-e-versa. ITC of IGST can be utilized first for payment of IGST then for CGST and then for SGST/UTGST.
The deposit can be made through any of the following methods:
- Internet Banking through authorized banks;
- Credit card or Debit Card through the authorized banks;
- NEFT or RTGS from any bank;
- Over the counter through authorized banks for deposits up to Rs.10000/- per challan per tax period by cash, cheque or demand draft.
Electronic Liability Register is required to be maintained in Form GST PMT-01.
Electronic Credit Register is required to be maintained in Form GST PMT-02.
Electronic Cash Register is required to be maintained in Form GST PMT-05.
Challan is required to be generated at the common portal in Form GST PMT-06 shall be valid for a period of fifteen days.
An unregistered person can make payment on the basis of a temporary identification number generated through common portal.
In case of payments by way of NEFT/RTGS, the mandate form is required to be generated along with challan and submitted to the bank from where the payment is to be made. Mandate form is valid for 15 days from the date of generation of challan.
A Challan Identification Number will be generated on successful credit of the amount to the Government Account.
Upon generation of Challan Identification Number the amount deposited will be credited to the Electronic Cash Register.
A Unique Identification Number will be generated at the Common Portal for each debit or credit to the Electronic Cash/Credit Register.