GST Electronic Cash Ledger The Electronic Cash Ledger is an account of the taxpayer that is maintained by the GST system that reflects the cash deposits in recognized banks and payments of taxes and other dues made by the taxpayer. This contains a summary…
GST Form ITC-01 GST Form ITC-01 is a declaration form that is used to claim the input tax credit. An input tax credit means that a taxpayer can claim the amount that has been already paid as GST while making…
Electronic Liability Register All the accrued return related liabilities are displayed in the Electronic Liability Register. This register is divided into two parts namely Part I and Part II. This article discusses the provisions related to this mechanism. Part I…
Using Input Tax Credit for Payment of GST Demand Utilization of cash or Input Tax Credit for payment of demand denotes the payments of non-return related liabilities. These liabilities are created through the generation of Demand ID by tax officials,…
Filing Reply for Form GST DRC-22 GSTR-22 is a form used by the concerned authorities for provisionally attaching the properties, bank account etc of the taxpayer. This article guides such taxpayers on filing reply to form GST DRC-22 against the…
Deferred Payment of GST The GST Act facilitates the taxpayers to make deferred payments and to make payments in instalments. An application for this cause should be made in form GST DRC - 20. This application can be filed by…
Voluntary Payment of GST Payment of GST on a voluntary basis is a facility that is provided to the taxpayers to make payment under Section 73 or 74 of the CGST Act, 2017. This payment has to be made within 30…