TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rule 85: Maintain electronic liability register (FORM GST PMT-01) and payment debits via electronic credit/cash ledgers</h1> Rule 85 requires an electronic liability register (FORM GST PMT-01) for each person liable to pay tax, interest, penalty, late fee or other amounts; liabilities are debited for amounts declared in returns, amounts determined by officers or ascertained by the person, and accruing interest. Payments of liabilities per returns are made by debiting the electronic credit or cash ledger (rules 86, 87) subject to sections 49, 49A and 49B. Amounts under deduction/collection at source, reverse charge or section 10 and related charges are paid from the cash ledger. Debits are reduced for appellate relief or partial/full payment of show-cause demands, and discrepancies are reported via FORM GST PMT-04.
TaxTMI 
TaxTMI 
