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Payment of interest from cash ledger balance in SGST/CGST

242 views 2 replies

Anil Gupta

34 Points Joined February 2019

I have closed my business in March 2018. and surrender GST registration and have credit balance
in cash ledger in SGST/ CGST and want to pay interest liabality via DRC 03. but portal is not adjusting from cash ledger balance of CGST/ SGST.
How I can pay the interest from cash ledger balance of CGST SGST.

Replies (2)

Rajendra Prasad

Employee Private

1913 Points Joined July 2017

If the balances are available in Tax Heads you have to transfer to Interest head by filing Form GST PMT 09 which is available down the electronic cash ledger and after you can make payment by debiting Interest head accordingly.

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Yes I agreed with Mr Rajendra Prasad,

@ Mr Anil Gupta,

Covert the balance to Interest head through PMT-09. After that you can pay interest through DRC 03.

If the registration cancelled then communicate with all the details to the GST officer...