Form GST PMT-01: Electronic Liability Register
Purpose: Records all liabilities of a registered taxpayer, including tax, interest, penalty, and late fees.
Details: Maintains two parts:
- Part I: Captures return-related liabilities.
- Part II: Covers liabilities not related to returns, such as demands from assessments or audits.
Form GST PMT-02: Electronic Credit Ledger
Purpose: Tracks the Input Tax Credit (ITC) available to a taxpayer.
Details: Reflects credits from various sources like returns, tax deducted at source (TDS), and tax collected at source (TCS). It also records the utilization of ITC against tax liabilities.
Form GST PMT-03: Order for Re-credit on Refund Rejection
Purpose: Facilitates the re-credit of amounts to the electronic cash or credit ledger when a refund claim is rejected.
Details: Issued by the tax officer to re-credit the taxpayer's ledger with the amount of the rejected refund claim.
Form GST PMT-04: Application for Reporting Discrepancies
Purpose: Allows taxpayers to report discrepancies in their electronic credit ledger, cash ledger, or liability register.
Details: Taxpayers can notify the tax authorities of any inconsistencies for rectification.
Form GST PMT-05: Electronic Cash Ledger
Purpose: Serves as a ledger for cash deposits made by the taxpayer.
Details: Reflects all cash payments made towards tax, interest, penalty, and other dues, and tracks their utilization.
Form GST PMT-06: Challan for Tax Payment
Purpose: Used to generate a payment challan for depositing GST dues.
Details: Taxpayers can create this challan online to pay taxes through various modes like net banking, credit/debit cards, or over-the-counter payments.
Form GST PMT-07: Application for Payment Discrepancy
Purpose: Enables taxpayers to report discrepancies in payments, such as issues with Challan Identification Number (CIN) not being generated.
Details: Taxpayers can inform authorities of payment issues for resolution.
Form GST PMT-09: Transfer of Amounts in Cash Ledger
Purpose: Allows taxpayers to transfer amounts from one head to another within the electronic cash ledger.
Details: Facilitates the reallocation of cash deposits to correct tax heads (e.g., from SGST to CGST) to ensure proper utilization.
Summary Table: GST PMT Forms
| Form Name | Purpose | Details |
|---|---|---|
| GST PMT-01 | Electronic Liability Register | Records all liabilities of a registered taxpayer, including tax, interest, penalty, and late fees. |
| GST PMT-02 | Electronic Credit Ledger | Tracks the Input Tax Credit (ITC) available to a taxpayer and its utilization against tax liabilities. |
| GST PMT-03 | Order for Re-credit on Refund Rejection | Facilitates re-credit of amounts to the taxpayer's ledger when a refund claim is rejected. |
| GST PMT-04 | Application for Reporting Discrepancies | Allows taxpayers to report discrepancies in their electronic ledgers or liability registers. |
| GST PMT-05 | Electronic Cash Ledger | Serves as a ledger for cash deposits made by the taxpayer. |
| GST PMT-06 | Challan for Tax Payment | Used to generate a payment challan for depositing GST dues. |
| GST PMT-07 | Application for Payment Discrepancy | Enables taxpayers to report discrepancies in payments, such as issues with CIN. |
| GST PMT-09 | Transfer of Amounts in Cash Ledger | Allows taxpayers to transfer amounts within the electronic cash ledger to correct tax heads. |
FAQs
What is the purpose of Form GST PMT-01?
It records all liabilities of a registered taxpayer, including tax, interest, penalty, and late fees.
How is ITC tracked in GST?
ITC is tracked using Form GST PMT-02, which reflects credits from various sources like TDS and TCS.
What is Form GST PMT-09 used for?
It allows taxpayers to transfer amounts from one head to another within the electronic cash ledger.