1. Payment of Taxes

2. Due date for payment of taxes
Format
Return Type
Return Filing due date
Tax Payment due date
GSTR 1
Outward Supply
10th of next month
No Tax Payment
GSTR 2
Inward Supply
15th of next month
GSTR 3
Monthly Return
20th of next month
On or before filing the return
GSTR 4
Compounding Dealers
18th of next month (Quarterly)
GSTR 5
Non Resident Dealers
20th of next month or < 7 days from expiry of Regn.
Whichever is earlier
GSTR 6
ISD
13th of next month
GSTR 7
TDS
GSTR 8
Annual Return
31st December of next FY

3. Electronic Cash Ledger
Any payment to be credited to Electronic Cash Ledger
Maintained by the GST Portal
Can be utilized for payment of tax, interest, penalty or fee payable
Payment by internet banking, Cr / Dr Card, RTGS etc
Over the counter for amount upto Rs 10,000
Enforcement Cases – Departmental Officers can accept payments
Date of payment – Date of credit to Govt Account
17 Digit Challan – Challan Identification Number
Generated by Payer, Departmental Officer, Authorized Represetative

4. Electronic Cash Ledger
Sequence of Payment
Self Assessed tax + Other dues of previous tax periods
Self Assessed tax + Other dues of current tax period
Other amounts including demand

5. Electronic Cash Ledger
Sequence of Payment
Self Assessed tax + Other dues of previous tax periods
Self Assessed tax + Other dues of current tax period
Other amounts including demand
Types of Payment
Outward Supplies
Inward Supplies liable under RCM
TDS – Government / E-com operators
Interest, Penalty etc

6. Electronic Cash Ledger
Sequence of Payment
Self Assessed tax + Other dues of previous tax periods
Self Assessed tax + Other dues of current tax period
Other amounts including demand
Types of Payment
Outward Supplies
Inward Supplies liable under RCM
TDS – Government / E-com operators
Interest, Penalty etc
Payments to be bifurcated into CGST, SGST, Additional Tax, IGST

7. Accept / Reject / No Action
Credit Matching
Outward Supply
Accept
Delete
Modify
Insert 10 15
No Action
Accept / Reject / No Action 17

8. Credit Mismatch
Credit claimed by the recipient allowed on provisional basis
Mismatch of credits – to be accepted by the supplier
Else, added to the output tax of the recipient
To be paid with interest from the date credit is availed
Reduced from output tax once the supplier accepts the liability
Supplier to also remit differential taxes else the return is not valid
Refund of interest not exceeding the interest paid by the supplier
Interest Rates
Regular interest rate in case of bona fide errors – Section 45(1)
Penal interest rate in case of deliberate errors – Section 45(3)

9. Credit Mismatch Supplier Tax Charged Uploaded Credit Claimed Action 1
100,000
No Action 2
200,000
NIL
Change to be accepted by the supplier 3
150,000
95,000 4
50,000
75,000
To be modified by the recipient 5
300,000
No issues – Recipient has 50% exempt turnover

10. Electronic Cash Ledger – 9th Feb
Balance
50,000
Electronic Liability Register
Output tax for month
Balance with Bank
Balance
50,00,000

11. Electronic Cash Ledger – 10th Feb
Balance
50,000
Electronic Liability Register
Output tax for month
200,000
Balance with Bank
Balance
50,00,000

12. Electronic Cash Ledger – 15th Feb
Balance
50,000
Electronic Liability Register
Output tax for month
200,000
(-) Tax Credit
50,000
150000
Balance with Bank
Balance
50,00,000

13. Electronic Cash Ledger – 19th Feb
Balance
50,000
(+) Tax Paid
250,000
300,000
Electronic Liability Register
Output tax for month
200,000
(-) Tax Credit
50,000
150,000
Balance with Bank
Balance
50,00,000
(-) Tax Paid
250,000
47,50,000

14. Electronic Cash Ledger – 20th Feb
Balance
50,000
(+) Tax Paid
250,000
300,000
(-) Tax Utilized
150,000
Electronic Liability Register
Output tax for month
200,000
(-) Tax Credit
50,000
150,000
(-) Tax Paid
NIL
Balance with Bank
Balance
50,00,000
(-) Tax Paid
250,000
47,50,000

15. Electronic Cash Ledger – 20th Feb
Balance
50,000
(+) Tax Paid
250,000
300,000
(-) Tax Utilized
150,000
Electronic Liability Register
Output tax for month
200,000
(-) Tax Credit
50,000
150,000
(-) Tax Paid
NIL
(+) Credit Mismatch
250,000
Balance with Bank
Balance
50,00,000
(-) Tax Paid
250,000
47,50,000

16. Electronic Cash Ledger – 20th Feb
Balance
50,000
(+) Tax Paid
250,000
300,000
(-) Tax Utilized
150,000
NIL
Electronic Liability Register
Output tax for month
200,000
(-) Tax Credit
50,000
150,000
(-) Tax Paid
NIL
(+) Credit Mismatch
250,000
100,000
Balance with Bank
Balance
50,00,000
(-) Tax Paid
250,000
47,50,000

17. Ledgers to be maintained
CGST, SGST and IGST – Input
CGST, SGST and IGST – Credits to be distributed in ISD
CGST, SGST and IGST – Output
CGST, SGST and IGST – Accrued but not due (CG)
Electronic Cash Register
Electronic Credit Register
Electronic Liability Register

18. Cash Ledger – State Specific
Cash Ledger linked to the registration
Balance in the cash ledger can be utilized against the respective State tax liability
Excess balance in one State and tax payable in another State
Examine the cost of maintaining balances in various States v Excess Input tax in States and tax payable in one State
Stock Transfers
Timely billing of intra company transactions
Dashboards released by GSTN Portal
CGST, SGST and IGST to be disclosed separately

19. Record Maintenance

20. Record Maintenance
Documents to be maintained [Electronic documents (IT Act, 2000)]
Production or Manufacture of Goods
Inward Supplies
Outward Supplies
Stock of Goods
Input tax credit
Output tax payable and paid
GST Portal
Electronic Cash Register
Electronic Credit Register

21. Record Maintenance More than one place of business
Audit of Records and Reconciliation
Warehouse Owner / Operator
Maintain details of consignor and consignee
Period of Retention of Documents
60 months from date of filing of annual return
5 years and 9 months from end of the year

22. For any Clarification, Please Contact Indirect Taxes Committee of ICAI
Thank You
For any Clarification, Please Contact
Indirect Taxes Committee of ICAI
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