Ashoka Enterprises, registered under GST law in the State of Rajasthan paying taxes as contained in section 9 of CGST Act, 2017. They asked their tax manager to pay taxes on quarterly basis. However, the tax manager advi

CS Professional · Advanced Tax Laws and Practice · PYQS · December 2020
Ashoka Enterprises, registered under GST law in the State of Rajasthan paying taxes as contained in section 9 of CGST Act, 2017. They asked their tax manager to pay taxes on quarterly basis. However, the tax manager advised to pay taxes on monthly basis. You are consulted to examine the rival contention and the validity of the view of tax manager of paying taxes on monthly basis and also to state how such taxes and the tax for the month of March are to be paid.

Answer & Explanation:

The advice given by tax manager is valid in law. Payment of taxes by the normal tax payer is to be done on monthly basis by the 20th of the succeeding month as specified in section 9 of the CGST Act, 2017. Composition tax payers only required to pay tax on quarterly basis. Payment of taxes can be made either by Debit of: Electric Cash Ledger; or Electronic Credit Ledger. Payment of taxes for the month of March shall be paid by the 20th of April.

Topics: Goods and Services Tax (GST)

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