Calculating GST Payment Due – Electronic Liability Register

Using the GST platform in India, three ledgers are used, namely, the Electronic Liability Register, the Electronic Credit Ledger, and the Electronic Cash Ledger. By using these ledgers, taxpayers can manage their GST liabilities, credit, payments due, deposits, interest, penalties, and late fees. An electronic liability register is maintained in FORM GST PMT-01 that allows a taxpayer to manage GST payments due, interest, penalties, late fees, and any other amount he or she owes. Let us examine how to calculate the GST payment due on the Common Portal in this article.

Register of Electronic Liability

Through the GST Common Portal, taxpayers can access the GST PMT-01 electronic liability register for any reference. The electronic liability register records:

  • According to the return filed by the taxpayer, the amount payable towards tax, interest, late fees, etc.
  • If determined by a proper officer in a proceeding under the Act or as determined by the taxpayer, the amount relates to tax, interest, or penalty;
  • Under section 42 or section 43 or section 50, tax and interest are payable if there is a mismatch;
  • From time to time, interest may accrue.

GST Form PMT-01 – Part A

GST Form PMT-01 – Part B

According to the return, a registered person’s liabilities are debited from the credit or cash ledger and credited into the liability register.

Any amount deducted under section 51, any amount collected under section 52, any amount payable under section 10 any amount payable towards interest, penalty, fee or any other amount payable under the Act is paid using the electronic cash ledger. It is for this reason that the electronic liability registers credits.

As soon as an appeal authority, Appellate Tribunal or court grants relief, the electronic tax liability register is adjusted accordingly. If the taxpayer pays the tax, interest and penalty specified in the show cause notice or demand order, the amount of penalty imposed or liable to be imposed will be reduced, as the case may be, and the electronic liability register will be credited accordingly.

How to calculate the GST payment due

A monthly GST payment can be viewed on the GST Common Platform dashboard after filing GSTR-3, the GST Monthly Return. In addition to GSTR-3, tax payers must file GSTR-1 and GSTR-2 on the 10th and 15th of each month before filing GSTR-3. GSTR-3 is due on the 20th of each month.

The first step is to access the GST Monthly Return or GSTR-3 Summary Page

Access GSTR-3 Dashboard

Step 2: Display all the outward supplies on the GSTR-3 Outward Supplies summary page

GST Outward Supplies Summary

Using the GSTR-3 Inward Supplies Summary, you can view the total tax credit or details of inward supplies.

GST Input Tax Credit Summary

The fourth step is to view the total amount that needs to be paid in GST

GST Total Liability

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