Piyush is a supplier of taxable goods in Karnataka. He got registered under GST in the month of April, 2023 and wishes to pay his IGST liability for the month. Since he is making the GST payment for the first time, he is

CS Executive · Tax Laws and Practice · PYQS · December 2023
Piyush is a supplier of taxable goods in Karnataka. He got registered under GST in the month of April, 2023 and wishes to pay his IGST liability for the month. Since he is making the GST payment for the first time, he is of the view that he needs to mandatorily have the online banking facility to make payment of GST; offline payment is not permitted under GST. You are required to advise him with regard to following issues: (i) Are manual challans allowed under GST? (ii) What is the validity period of the payment challan? (iii) Is cross utilization among Major and Minor heads of the electronic cash ledger permitted?

Answer & Explanation:

Particulars Sr. No. Particulars (i) Manual or physical challans are not allowed under the GST regime. It is mandatory to generate challans online on the GST Portal. (ii) Payment Challan is valid for a period of 15 days from the date of generation of challan. (iii) A registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the of the Central Goods and Services Tax Act, 2017 to the electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess.

Topics: GST Law

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