Calculating GST Payment Due – Electronic Liability Register

The GST platform in India uses a system of three ledgers, namely Electronic Liability Register, Electronic Credit Ledger and Electronic Cash Ledger to manage the GST liability, credit, payment due, deposits, interest, penalty and late fee or any other debit/credit amount of each of the taxpayer. The electronic liability register maintained in FORM GST PMT-01 is used to manage the GST payment due, interest, penalty, late fee or any other amount of a tax payer. In this article, we look at the procedure for calculating GST payment due on the Common Portal.

Electronic Liability Register

The electronic liability register or GST PMT-01 of a taxpayer is made available on the GST Common Portal for the taxpayers ready reference. The electronic liability register is debited for:

Amount payable towards tax, interest, late fee or any other amount payable as per the return furnished by the taxpayer;
Amount of tax, interest, penalty or any other amount payable as determined by a proper officer in pursuance of any proceedings under the Act or as ascertained by the taxpayer;
Amount of tax and interest payable as a result of mismatch under section 42 or section 43 or section 50; or
Amount of interest that may accrue from time to time.

GST Form PMT-01 - Part A — GST Form PMT-01 – Part A

GST Form PMT-01 - Part B — GST Form PMT-01 – Part B

When a GST payment is made, the liability of a registered person as per his return is recorded by debiting the electronic credit ledger or the electronic cash ledger and the electronic liability register is credited accordingly.

For any amount deducted under section 51, or the amount collected under section 52, or the amount payable on reverse charge basis, or the amount payable under section 10 any amount payable towards interest, penalty, fee or any other amount under the Act is paid by debiting the electronic cash ledger maintained and the electronic liability register is credited accordingly.

For any amount of demand debited in the electronic liability register would be reduced to the extent of relief given by the appellate authority or Appellate Tribunal or court and the electronic tax liability register would be credited accordingly. In case of an amount of penalty imposed or liable to be imposed would stand reduced partly or fully, as the case may be, if the taxpayer makes the payment of tax, interest and penalty specified in the show cause notice or demand order and the electronic liability register would be credited accordingly.