Voluntary Payment Of Gst Related Articles

Nov - 2018

17

GST Electronic Cash Ledger

GST Electronic Cash Ledger

GST Electronic Cash Ledger The Electronic Cash Ledger is an account of the taxpayer that is maintained by the GST system that reflects the cash deposits in recognized banks and payments of taxes and other dues made by the taxpayer. This contains a summary of all the deposits and payments that are m ...

Nov - 2018

17

GST Form ITC-01

GST Form ITC-01

GST Form ITC-01 GST Form ITC-01 is a declaration form that is used to claim the input tax credit. An input tax credit means that a taxpayer can claim the amount that has been already paid as GST while making GST payment to the Government which was collected from the customers. Entitlement of the F ...

Nov - 2018

14

Electronic Liability Register

Electronic Liability Register

Electronic Liability Register All the accrued return related liabilities are displayed in the Electronic Liability Register. This register is divided into two parts namely Part I and Part II. This article discusses the provisions related to this mechanism. Part I Part I of the Electronic Liabilit ...

Nov - 2018

13

Using Input Tax Credit for Payment of GST Demand

Using Input Tax Credit for Payment of GST Demand

Using Input Tax Credit for Payment of GST Demand Utilization of cash or Input Tax Credit for payment of demand denotes the payments of non-return related liabilities. These liabilities are created through the generation of Demand ID by tax officials, which is a reference number of the order or appl ...

Nov - 2018

13

Filing Reply for Form GST DRC-22

Filing Reply for Form GST DRC-22

Filing Reply for Form GST DRC-22 GSTR-22 is a form used by the concerned authorities for provisionally attaching the properties, bank account etc of the taxpayer. This article guides such taxpayers on filing reply to form GST DRC-22 against the proceedings initiated against them. Conditions for In ...

Nov - 2018

12

Deferred Payment of GST

Deferred Payment of GST

Deferred Payment of GST The GST Act facilitates the taxpayers to make deferred payments and to make payments in instalments. An application for this cause should be made in form GST DRC - 20. This application can be filed by a taxpayer to apply for one of the following two options when the payment ...

Nov - 2018

10

Voluntary Payment of GST

Voluntary Payment of GST

Voluntary Payment of GST Payment of GST on a voluntary basis is a facility that is provided to the taxpayers to make payment under Section 73 or 74 of the CGST Act, 2017. This payment has to be made within 30 days of issuance of Show Cause Notice (SCN). Voluntary payment of GST can also be made by ...

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