GST Payment


  • Section: Section 49 of the CGST Act, 2017

  • Purpose: The purpose of GST payment is to ensure timely payment of GST liability by every registered person to the government. The payment of GST is essential for the smooth functioning of the GST regime and to generate revenue for the government.

  • Applicability: Every registered person who is liable to pay GST on the supply of goods or services must make GST payment. This includes all taxpayers, whether they are regular taxpayers, composition scheme taxpayers, or those who are liable to pay GST under reverse charge mechanism.

  • Timeline: The due date for payment of GST is based on the type of taxpayer and the mode of payment.
  • For taxpayers who are required to file monthly or quarterly returns, the due date for payment of GST is the 20th of the following month/quarter.
  • For taxpayers who are required to file annual returns, the due date for payment of GST is the last day of the financial year.

  • Exemption: The GST payment exemption limit is Rs. 40 lakhs for all taxpayers, except for those in the state of Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, and Himachal Pradesh, where the limit is Rs. 20 lakhs. Taxpayers who have an annual turnover below the exemption limit are not required to pay GST.

  • Penalty not doing: If a registered person fails to pay the GST liability within the due date, interest will be charged at the rate of 18% per annum, calculated from the due date of payment until the actual date of payment. Additionally, a penalty of 10% of the amount of tax due, subject to a minimum of Rs. 10,000, will be levied.

  • Due date: The due date for payment of GST is based on the type of taxpayer and the mode of payment. For monthly or quarterly taxpayers, the due date is the 20th of the following month/quarter. For annual taxpayers, the due date is the last day of the financial year.

  • Forms: GST payment can be made through electronic cash ledger, which can be accessed on the GST portal. There are no specific forms required for GST payment.

  • Reporting authority: The GST portal is the reporting authority for GST payment. All taxpayers are required to login to the GST portal to make GST payment and file returns.

  • Other details: GST payment can be made through various modes such as net banking, debit card, credit card, NEFT/RTGS, or through over-the-counter payment at authorized banks. GST payment made through the electronic cash ledger can be utilized to pay GST liability for the same or other tax period. Additionally, GST payment can be made in advance to avoid interest and penalty.

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