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Tax payment though EMI

nagaraju (accountant) (32 Points)

26 July 2019

Dear sir there is any section regarding gst tax liability payment through Intstallment basis for the time of 3b filing

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LAKSHAY (student) (29 Points)
Replied 26 July 2019

At present there is no such provision to deposit tax on EMI basis. Liability has to be setoff through E cash ledger or E credit ledger (if available).

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 26 July 2019

Option to pay tax on installment is not under self assessment . Any Tax on self assessment must be paid in one go .

Option to pay tax on installment on in case the liability created by Authority during final assessment or Tax Audit , that to be only when granted by commissioner.

DRC 20 is form to pay tax in installments( only in above conditions) , refer section 80

Note : liability arising on monthly 3b cannot be paid in Installments

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