Payments in GST (S.

49 – 53 of CGST Act)

Dr. Mini Jain

Payments in GST
Under GST, a seamless payment mechanism has been envisaged. As per Section 49, Every
deposit made towards tax, interest, penalty, fee or any other amount by a taxable person
by:
• internet banking or
• by using credit cards or
• debit cards or
• National Electronic Fund Transfer or
• Real Time Gross Settlement or
• Over The Counter (OTC) payment can be made through authorized banks for deposits up
to Rs. Ten thousand per challan per tax period by cash, cheque or demand draft or
• by such other mode shall be credited to the electronic cash ledger of such taxable
person
Payments in GST
Every registered person is required to compute his tax liability on a
monthly basis by setting off the Input Tax Credit(ITC) against the
Outward Tax Liability. If there is any balance of tax liability the same is
required to be paid to the government.
• There are 3 ledgers prescribed by the government that is required to
be maintained by every tax payer –
Electronic Tax Liability Ledger 

• The electronic tax liability ledger shows the total tax liability
of a registered person at any point of time. This detail can be
accessed on the GST portal of a registered tax payer.
• The electronic tax liability register specified u/s 49(7) shall be
maintained in FORM GST PMT-01. This register will be
debited for making payment of taxes, interest, penalty, late
fees.
Electronic Cash Ledger 

An Electronic Cash Ledger will also be maintained on the GST portal. It

will display the total amount deposited by the tax payer towards
discharge of his tax liability or interest or late fee or penalty or any
other amounts. Also, it is now mandatory for businesses making
payment for more than Rs 10,000 to do it electronically. 
• The electronic cash ledger u/s 49(1) shall be maintained in FORM GST
PMT-05. A unique identification number shall be generated at the
Common Portal for each debit or credit to the electronic cash or
credit ledger, as the case may be.
Electronic Credit Ledger 
• The electronic credit ledger shall be maintained in FORM
GST PMT-02 for each registered person eligible for input tax
credit under the Act. All the taxes paid on the inputs would
be recorded in the electronic credit ledger. The amount
available in the electronic credit ledger may be used for
making any payment towards output tax as may be
prescribed in accordance with section 49.
Process Flow :Mode 1

• Filling up the amount in e-challan at GST Portal

• Selecting mode of payment (e-payment mode) and generating e-challan
• Triggering payment transaction to the bank’s payment gateway
(GST Portal to transmit challans particulars - safe data sharing protocols)
• Taxpayer to make payment using their credentials provided by banks
• On successful completion of transaction, the bank will provide confirmation
to GST Portal
• GST Portal will credit the Taxpayer’s ledger
• Payment particulars challan-wise will be available on GST Portal for
download/print
• The CPIN(Common Portal Identification Number) number generates before
payment of GST tax and CIN (Challan Identification Number) is issued after
payment of GST tax. 7
Process
Process flow
flow of e-Payment
of e-Payment mode

GST
Portal

Share Payment Details

Credit in Cash Ledger
(CIN Details)

Pay at
Taxpayer Internet Acknowledgement
Generate Banking/ Bank/
Access GST e-Challan Debit Card/ Payment Receipt Generation
Portal Credit Card Gateway
Portal

Share Transaction Details Update Challan

(CPIN Details) History

8
Mode 2 : OTC Remittance through Authorised Banks
• For payment up to Rs 10000 per challan per tax period

• Electronic Challan from GST portal

• OTC payment at any branch of authorised bank through

 Cheque (local / At par only)
 Cash
 Demand Draft

9
 Payment Flow Chart
Login GST
Portal Choose
Tax Payer Create Challan Save for 15 Days
Payment option

Select Mode Of Payment:-

Net
Select 25 Authorised Bank
Banking Generate challan Bank
i) e-Payment (CPIN Generated) Other Than
Authorised Banks
CC/DC
ii) OTC
iii) NEFT/RTGS

Process at Banks
server – Payment
made Successfully
Trigger to Make
CIN Generated
Payment from
GSTN server

GST-Portal updates Communicated

Tax payer’s Cash to GSTN
Ledger Payment
receipt can be
downloaded
Full form?
• ITC
• TDS
• TCS
• ECL
• EFPB- Electronic Focal point Branc
• CIN
• CPIN
• GSTN
• GSTIN
• UIN
Every document needed under GST in excel :
1.Payment Voucher - https://goo.gl/72C9Xs

2.Export Invoice - https://goo.gl/KcbakX

3.Debit Note - https://goo.gl/VQvysq

4. Tax Invoice( Inter - State) - https://goo.gl/LVPBua

5. Tax Invoice (Intra - Sales) - https://goo.gl/L2jDma

6. Revised Invoice - https://goo.gl/1LZPMf

7. Refund Voucher - https://goo.gl/iqDWH4

8. Bill of Supply - https://goo.gl/d9abwL

9. Credit Note - https://goo.gl/eKd17W

10. Receipt Voucher - https://goo.gl/jxPDjz