GST Showing Initiated

[Anurag singh]

GST payment done Today thru e-payment mode is not reflecting in GST portal. The amount is already debited in bank account Deposit Status as per GST TOOL is 'INITIATED

[KASTURI SETHI]

Nothing to worry. My client also faced such problem. The amount debited from client's bank account was shown in his Electronic Cash Ledger next day and message was also received to this effect. Sometimes common portal takes time.

[DR.MARIAPPAN GOVINDARAJAN]

Definitely it will be credited to the Government; otherwise the amount will be re-credited in your bank account as said by Sri Sethi.

[Ramu etlavani]

Dear Sir,

My clearing agent filed bill of entry in customs central excise with given import shipping documents in the name of Vital therapeutics Pvt Ltd.

Shipment belongs to Vital therapeutics and Formulation Pvt Ltd. But IGST number shows Vital therapeutics Pvt Ltd.

We can amend the IGST in Customs for Vital therapeutics and Formulation Pvt Ltd

Kindly please help in this matter sir.

Thanks

Ramu>E

[Ganeshan Kalyani]

It can be amended.

AI Summary

GST e-payment status: initiated payments may reflect later in electronic cash ledger or be recredited if not processed. GST e-payment entries showing deposit status as 'INITIATED' ordinarily post to the taxpayer's Electronic Cash Ledger the next day; if not accepted, funds are re credited to the bank account. Additionally, customs bill of entry IGST party name mismatches can be amended to correct the IGST details for the proper consignee under customs processing.