How do I transfer cash ledger balance in GST to late fee?

To file Form GST PMT-09, perform following steps:

1. Access the https://www.gst.gov.in/ URL.
2. Navigate to Services > Ledgers > Electronic Cash Ledger option.
3. Click File GST PMT-09 For Transfer of Amount option to perform intra-head or inter-head transfer of amount.
4. Electronic Cash Ledger page is displayed.

How do I offset my GST ledger balance?

Viewing Electronic Cash Ledger

1. Step 1: Login to the Portal. The taxpayer has to login to the official GST Portal.
2. Step 2: Enter the Credentials.
3. Step 3: Click Electronic Cash Ledger.
4. Step 4: Cash Balance.
5. Step 5: Click Electronic Cash Ledger.
6. Step 6: Select the time period.
7. Step 7: Click GO.
8. Step 8: Click Save.

Can we use cash ledger balance in GST?

Yes, you can perform intra-head or inter-head transfer of amount, as available in Electronic Cash Ledger, using Form GST PMT-09. Form GST PMT-09 enables any registered taxpayer to perform, intra-head or inter-head transfer of amount, as available in Electronic Cash Ledger.

What is ledger balance in GST portal?

Electronic Cash Ledger provides a summary of all your GST payments. It reflects the cash available to pay off your GST tax liability. Thus, any deposit made on the GST portal is credited to your Electronic Cash Ledger. This means that the amount available in the Electronic Cash Ledger is used for making payments.

Can we transfer credit ledger balance to cash ledger?

Reply—No, balance available in electronic credit ledger under one head cannot be transfer to another head. Form GST PMT-09 enables any registered taxpayer to perform intra-head or inter-head transfer of amount as available in Electronic Cash Ledger.

How can I withdraw money from my ledger balance?

Can you withdraw ledger balance? When you withdraw money from your bank account, it shows a debit. This withdrawal will be shown in your ledger balance but there will be no change in the available balance until money is debited from your account.

How do I pay late fee for GST?

How to deposit Late fees with Government. Amount of Late fee applicable will automatically be calculated by the GST portal while submitting the GST returns. The Late fee is paid in cash separately for CGST, and SGST in separate electronic cash ledgers. GST return cannot be filed without the payment of the Late fee.

How do I transfer my ledger balance to credit ledger?

How to file form PMT-09 on the GST portal?

1. Step 1: Log in to the GST Portal.
2. Step 2: Select Services > Ledger > Electronic cash ledger.
3. Step 3: Select ‘File GST PMT-09 for transfer of amount’.
4. Step 4: Save the details – After saving the details, the processed records will look as below:

How do I transfer credit ledger balance to cash ledger in GST?

Navigate to Services > Ledgers > Electronic Cash Ledger > File GST PMT-09 For Transfer of Amount option to file Form GST PMT-09.

How do I use GST credit ledger balance?

Any GST payment made in cash or through a bank reflects in the Electronic Cash Ledger. After deduction of Input Tax Credit (ITC) any balance tax liability has to be paid using balance in Electronic Cash Ledger….What is an Electronic Cash Ledger?

What is the late fee for Gstr 3B?

(a) In case of nil GSTR-3B filing, the maximum late fee charged shall be capped at Rs.500 per return (i.e Rs. 250/- each for CGST & SGST).

Can the balance of electronic credit Ledger be utilised for GST?

This means that the balance of Electronic Credit Ledger cannot be utilised for payment of interest, penalty or late fees. Interest and Penalty can be paid only through actual cash payment. Specific order and restrictions for utilizing ITC (IGST, CGST, SGST) for payment of GST liability:

What is late payment interest on GST payment?

Late payment interest on GST Interest will be applicable at the rate of 18\% if the payment is not done within the due date A rate of 24\% interest will be applicable in the case when a taxpayer claims excess of input tax credit or makes a reduction in the output tax liability GST Payment Process By An Unregistered Person on Portal

Can I set off late fee through a credit ledger balance?

No, you cannot set off late fee through a credit ledger balance. For this you need a cash ledger balance. So, deposit the cash either by generating challan or make online payment. Thank you! No, late fees cannot be paid using input tax credit balance in credit ledger.

What are the different types of GST ledgers?

To make GST payment process convenient, each registered taxpayer gets Electronic credit Ledger and two electronic ledgers. These ledgers include: The electronic cash ledger reflects the cash available to settle the tax liability. Whereas, the Electronic liability ledger showcases the amount of tax payable by the taxpayer.