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FORM GST PMT –01: Electronic Liability Register of Registered Person

by | Jul 12, 2024 | GST, Forms | 0 comments

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Important Keyword: FORM GST PMT-01, Electronic Liability.

FORM GST PMT –01

[See rule 85(1)]

(To be maintained at the Common Portal)

GSTIN –

Name (Legal) –

Trade name, if any Tax Period –

Act – Central Tax/State Tax/UT Tax/Integrated Tax/CESS /All

(Amount in Rs.)

Sr. No.Date (dd/mm/ yyyy)Reference No.Ledger used                for discharging liabilityDescriptionType of Transaction [Debit (DR) (Payable)] / [Credit (CR) (Paid)/]Amount debited / credited (Central Tax/State Tax/UT Tax/Integrated Tax/CESS/Total)Balance (Payable) (Central Tax/State Tax/UT Tax/Integrated Tax/CESS/Total)
TaxInterestPenaltyFeeOthersTotalTaxInterestPenaltyFeeOthersTotal
123456789101112131415161718
                  
                  
                  
                  
Note –
  1. All liabilities accruing due to return and payments made against the same will be recorded in this ledger.
  2. Under description head – liabilities due to opting for composition, cancellation of registration will also be covered in this part. Such liabilities shall be populated in the liability register of the tax period in which the date of application or order falls, as the case may be.
  3. Return shall be treated as invalid if closing balance is positive. Balance shall be worked out by reducing credit (amount paid) from the debit (amount payable).
  4. Cess means cess levied under Goods and Services Tax (Compensation to States) Act, 2017.

Demand ID — GSTIN/Temporary Id – Demand date –

Name (Legal) – Trade name, if any –

Stay status – Stayed/Un-stayed

Period – From ——- To——– (dd/mm/yyyy)

Electronic Liability Register of Taxable Person

(Part–II: Other than return related liabilities)

(To be maintained at the Common Portal)

Act – Central Tax/State Tax/UT Tax/Integrated Tax/CESS /All

(Amount in Rs.)

[Sr No.Date (dd/ mm/ yyyy)Reference No.Tax Period, if applicableLedger used for dischar gi ng liabilit yDescripti onType of Transaction [Debit (DR) (Payable)] / [Credit (CR) (Paid)] / Reduction (RD)/ Refund adjusted (RF)/]Amount debited/credited (Central Tax/State Tax/UT Tax/Integrated Tax/CESS/ amount under existing law/Total)Balance (Payable) (Central Tax/State Tax/UT Tax/Integrated Tax/CESS/ amount under existing law/Total)
Fr o mToTaxInterestPenalt yFeeOthersTotalTaxInterestPenalt yFeeOthersTotalStatus (Stayed /Unstayed )
123456789101112131415161718192021]1

1 Table amended vide Notf no. 60/2018 – CT dt. 30.10.2018

                     
                     
                     
                     
Note –
  1. All liabilities accruing, other than return related liabilities, will be recorded in this ledger. Complete description of the transaction to be recorded accordingly.
  2. All payments made out of cash or credit ledger against the liabilities would be recorded accordingly.
  3. Reduction or enhancement in the amount payable due to decision of appeal, rectification, revision, review etc. will be reflected here.
  4. Negative balance can occur for a single Demand ID also if appeal is allowed/partly allowed. Overall closing balance may still be positive.
  5. Refund of pre-deposit can be claimed for a particular demand ID if appeal is allowed even though the overall balance may still be positive subject to the adjustment of the refund against any liability by the proper officer.
  6. The closing balance in this part shall not have any effect on filing of return.
  7. Reduction in amount of penalty would be automatic, based on payment made after show cause notice or within the time specified in the Act or the rules.
  8. Payment made against the show cause notice or any other payment made voluntarily shall be shown in the register at the time of making payment through credit or cash ledger. Debit and credit entry will be created simultaneously.

Read More: NOTIFICATION No. 06/2024 – Central Tax: Seeks to notify “Public Tech Platform for Frictionless Credit” as the system with which information may be shared by the common portal based on consent under sub-section (2) of Section 158A of the CGST Act, 2017.

Web Stories: NOTIFICATION No. 06/2024 – Central Tax: Seeks to notify “Public Tech Platform for Frictionless Credit” as the system with which information may be shared by the common portal based on consent under sub-section (2) of Section 158A of the CGST Act, 2017.

Official Income Tax Return filing website: https://incometaxindia.gov.in/