Payment of Tax under GST

Payment of Tax under GST Process

Here we Describe the process of Payment of Tax under GST over GSTN Goverment Portal through below video.

When should GST payment be made?

  1. GST payment is to be made when the GSTR 3 is filed.
  2. GSTR-3 is filled on 20th of the next month.

What are the electronic ledgers?

These ledgers are made electronically on the GST portal.

How to make GST payment?

GST payment can be made in 2 ways –

Payment through Credit  Ledger – The credit of ITC can be taken by dealers for GST payment. Credits can be taken only for tax payment, using ITC, interest, penalties and late fees can not be paid.

Payment through Cash Ledger –GST payment can be made online or offline. The challan has to be generated on GST Portal for both online and offline GST payment.

Where tax liability is more than Rs 10,000, it is mandatory to pay taxes Online.

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