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GST Payment Challan – Form GST PMT-06

GST Payment Challan - Form GST PMT-06

GST Payment Challan – Form GST PMT-06

Form GST PMT-06 is a single challan through which taxpayers can pay goods and services tax, interests, penalties, and fees. It can be generated online from the GST portal before making payment of the net tax liability by the registered person. Form GST PMT-06 is also important for taxpayers registered under the QRMP scheme for depositing the monthly tax.

Benefits of Form GST PMT-06

The purpose and benefits of GST Payment Challan are as follows:

  • Any online payments made using this Form GST PMT-06 will be credited to the electronic cash ledger of the taxpayer on the same day.
  • GST practitioners can also make payments on behalf of their clients.
  • Single challan to be created online by replacing the three-four copy challan
  • Instant online payment, no more queues for making payments, and higher transparency
  • There is no limit to the number of challans created by a taxpayer in a single day. 

Eligible Person to Generate Form GST PMT-06

Any person such as any regular taxpayer, a non-resident taxable person whether or not supplying Online Information Data Base Access and Retrieval (OIDAR) service and a casual taxable person can generate the challan in Form PMT-06 on the common portal.

The person needs to enter the details of the amount to be deposited by him/her towards tax, interest, penalty, fees, or any other amount as per Rule 87(2) of CGST and SGST Rules, 2017.

Prescribed Time to Make the payment

Once the challan is generated, the taxpayer will have to complete the pending payment within 15 days. The taxpayer registered under the QRMP scheme has to pay the due tax amount in each of the first two months. The payment for one month should be made by the 25th of the following month. For example, payment for April will have to be done by the 25th of May.

The CBIC issued a notification no. 06/2022 about the extension of the payment form PMT-06 till 27th May 2022. Click here for more details.

Type of Payments Can Be Made Through the GST Challan

As mentioned above, the PMT-06 challan is used for making payment of tax, interest, late fees, and penalties under the GST law. It can be generated for the following type of payment:

  • Internet banking via authorized bank
  • Credit or debit card via authorized bank
  • NEFT or RTGS from any bank
  • Over-the-Counter (OTC) Over the Counter payment through authorized banks

However, over-the-counter payments are accepted only for deposits up to Rs.10, 000 per challan per tax period, by cash, cheque, or demand draft. Here, if there is a commission payable in respect of any payment, it will be borne by the person making such payment.

Note: Any payment to be made by a GST unregistered person must obtain a temporary identification number generated through the GST portal.

Attributes of Form PMT-06

Contents and Format of form PMT-06 are as follows:

  • CPIN, which is auto-generated
  • Challan expiry date
  • GSTIN, legal name, email address, mobile number, and address are auto-populated
  • Details of the deposit in rupees are classified for major heads such as central tax, State tax, integrated tax, and cess. Further, it is classified for minor heads like tax, interest, penalty, fee, etc.
  • Mode of payment, as discussed in the earlier section
  • Remitting bank details
  • Particulars of the depositor, including the CIN generated by the bank, for immediate payment or payment made later on

Methods of Payment through PMT 06 

Methods of payment for taxpayers other than the QRMP scheme.

A regular taxpayer must deposit tax in the electronic cash ledger for paying the net tax liability appearing in the electronic liability ledger. The tax must be ideally paid without interest and late fee by the due date of filing GSTR-3B.

Methods of Payment for the Taxpayers opting into the QRMP scheme

The taxpayers opting into the QRMP scheme need to file GSTR-3B every quarter, and tax needs to be paid monthly. There are two methods of computing the tax liability for the first two months of the quarter – The fixed sum method and the self-assessment method.

If the balance in the electronic cash ledger is insufficient to clear the tax liability or there is no nil tax liability, then PMT-06 can be used. The tax for the first two months of the quarter must be deposited in this form by the 25th of the next month.

Form PMT-06 Challan Generation  

The Form PMT-06 challan has to be generated before making payment of the net tax liability by the registered person. Once the details are entered on the challan, a Challan Portal Identification Number (CPIN) is generated on the GST portal.

Upon the payment, a Challan Identification Number (CIN) is shared by the bank for any mode of payment such as online or over the counter. The CIN needs to be mentioned back in the form GST PMT-06 (challan). A registered person can submit the challan application on the GST portal within 24 hours of paying tax.

Note: If the concerned bank does not share the CIN, a complaint would be forwarded by the GST portal to the concerned bank, and intimation would also be provided to the registered person.

Procedure to Generate Challan in PMT-06 for GST Payment

The procedure to pay taxes using the Form GST PMT-06 is as follows:

  • Log in to the GST portal and navigate to the ‘Services’ option and then select the Payments and Create Challan.
  • Select Monthly payment for quarterly returns as the reason for generating the challan if you are in the QRMP scheme. If you are not in the QRMP scheme, you can select any other payment to create the challan.
  • Select the year and the period for which you are paying taxes.
  • Either of the two pages – the previous period’s tax paid summary or the liability and ITC offset for the current period will be displayed, respectively for the fixed sum and self-assessment methods. Select either of the challan types provided and click Proceed.
  • Click on the ‘Proceed’ button and finish the payment.
  • Once the details are entered in the challan, a Challan Portal Identification Number (CPIN) will be generated on the GST portal. This CPIN is valid only for 15 days, so the taxpayer needs to make the payment before it expires.
  • After making the payment, Challan Identification Number (CIN) will be shared by the bank as proof of successful payment. This will need to be entered in GST PMT 06.

The amount paid will be credited to the Electronic Cash Ledger. If you make online payments with this challan after 8 pm, it will be reflected in your Electronic Cash Ledger on the same day. You can submit this challan within 24 hours of making the payment.