Making GST Payment – Electronic Cash Ledger

The GST platform created by the Government has three ledgers for managing GST payment, liability, input credit, interest due, penalty due, late fee or any other amount – namely GST Electronic Liability Ledger, GST Electronic Credit Ledger and GST Electronic Cash Ledger. The three ledgers are used to balance the GST liability, credit and payments pertaining to each of the GST taxpayer. In this article, we look at the procedure for making GST payment and the Electronic Cash Ledger in detail.

GST Electronic Cash Ledger

The GST electronic cash ledger is maintained in Form GST PMT-05 for each of the GST taxpayer. The GST Electronic Cash Ledger would have credit entries for amounts deposited towards GST liability and debit entries for the payments like GST tax, interest, penalty, fee or any other amount. The following is the format for the GST Electronic Cash Ledger or GST Form PMT-05:

Procedure for Depositing GST Payment

To deposit a GST payment or to debit the GST electronic cash ledger account, the taxpayer or any person on the taxpayers behalf can generate a challan in Form GST PMT-06 on the GST Common Portal. Based on the GSTIN of the taxpayer, details like name and address of taxpayer, email address and mobile number on the account would be auto populated. The taxpayer must then enter the GST payment details like major heads of accounts (CGST, IGST, Cess, Sub-total, SGST and UTGST) and minor heads of accounts (Tax, Interest, Penalty, Fee, Others and Total).

Once the payment information is entered, the mode of payment must be entered along with the information of the payment depositor like Name, Designation, Signature and Date. FORM GST PMT-06 generated at the Common Portal is valid for a period of fifteen days.

Modes of Making GST Payment

GST payment can be made through any of the following modes:

• Internet Banking through authorized banks;
• Credit card or Debit card through the authorised bank;
• National Electronic Fund Transfer (NeFT) or Real Time Gross Settlement (RTGS) from any bank; (
• Over the Counter payment (OTC) through authorized banks for deposits up to ten thousand rupees per challan per tax period, by cash, cheque or demand draft
  • The restriction for deposit of up to ten thousand rupees per challan in case of an Over the Counter (OTC) payment is not applicable to the deposits made by Government Departments or any other officer authorised to recover outstanding dues from any person, whether registered or not, including recovery made through attachment or sale of movable or immovable properties;

CIN Generation on Successful Payment

If a GST payment is successfully credited to the concerned government account, a Challan Identification Number (CIN) will be generated by the collecting Bank and the same would be indicated in the challan. On obtaining the CIN from the collecting Bank, the GST payment amount is credited to the electronic cash ledger of the person on whose behalf the deposit has been made and a receipt is provided on the GST Common Portal.

CIN Not Generated After Making Payment

If the bank account of a person making GST payment is debited but no Challan Identification Number (CIN) is generated or communicated, the taxpayer can make a representation using FORM GST PMT-07 through the Common Portal to the Bank or electronic gateway through which the deposit was initiated for assistance.

Discrepancy in Electronic Cash Ledger

In case a CIN is generated after making payment, but there is a discrepancy with the Electronic Cash Ledger or the Electronic Credit Ledger or Electronic Liability Ledger, FORM GST PMT-04 can be used for communicating the discrepancy and obtaining assistance.

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