PAYMENT OF TAX

Persons required making GST payment
1. When there is a GST liability exists in the hands
of any registered person then he is liable for
making GST payment to the government.
2. Any registered dealer who undertakes the
transactions which come under the Reverse
Charge Mechanism then he is liable for making
the payment of GST under RCM.
3. All e-commerce operators are necessary to
collect GST from customers and liable for
making the payment of tax collected at source
to the government.
4. Any dealer who is responsible to make TDS
under the Act are also liable to make the
payment of GST.

Classification of electronic ledger
under the GST regime

Electronic Liability Ledger
In electronic credit ledger, all liabilities of a registered taxable person under
GST shall be recorded and maintained in such a manner as prescribed by the
Act.
Manner of Utilisation of amount of credit balance in the electronic credit
ledger (Section 49(5)
The following table shows the manner of utilisation and type of GST can be
set-off under the GST regime:

Illustration
Aris Global has a GST output tax liability of Rs.
2,20,000 in respect of CGST and SGST and
Rs. 48,000 in respect of IGST and also
they are liable to pay interest and penalty of
Rs.4,600.
They have Input tax credit balance of CGST and
SGST Rs. 32,500 each and IGST Rs. 58,700.
You are required to show the GST liability
discharging mechanism in the above case by Aris
Global.