Section 49 of CGST Act, 2017 Payment of tax, interest, penalty and other amounts

Posted on 10 June 2022 Category : GST

Payment of tax, interest, penalty and other amounts ,Section 49 of CGST Act, 2017

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The below post explains about Payment of tax, interest, penalty and other amounts under section 49 of CGST Act,2017.

Section 49 of CGST Act, 2017 explains Payment of tax, interest, penalty and other amounts as below: (The amendments if any will also be updated here soon).

The extract of Section 49 of CGST Act,2017 quoted below:

49 Payment of tax, interest, penalty and other amounts

49. (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a

person by internet banking or by using credit or debit cards or National Electronic Fund

Transfer or Real Time Gross Settlement or by such other mode and subject to such conditions

and restrictions as may be prescribed, shall be credited to the electronic cash ledger of such

person to be maintained in such manner as may be prescribed.

(2) The input tax credit as self-assessed in the return of a registered person shall be

credited to his electronic credit ledger, in accordance with section 41, to be maintained in

such manner as may be prescribed.
(3) The amount available in the electronic cash ledger may be used for making any

payment towards tax, interest, penalty, fees or any other amount payable under the provisions

of this Act or the rules made thereunder in such manner and subject to such conditions and

within such time as may be prescribed.

(4) The amount available in the electronic credit ledger may be used for making any

payment towards output tax under this Act or under the Integrated Goods and Services Tax

Act in such manner and subject to such conditions and within such time as may be prescribed.

(5) The amount of input tax credit available in the electronic credit ledger of the registered

person on account of––

(a) integrated tax shall first be utilised towards payment of integrated tax and the

amount remaining, if any, may be utilised towards the payment of central tax and State

tax, or as the case may be, Union territory tax, in that order;

(b) the central tax shall first be utilised towards payment of central tax and the

amount remaining, if any, may be utilised towards the payment of integrated tax;

amount remaining, if any, may be utilised towards payment of integrated tax;

(d) the Union territory tax shall first be utilised towards payment of Union territory

tax and the amount remaining, if any, may be utilised towards payment of integrated tax;

(e) the central tax shall not be utilised towards payment of State tax or Union

territory tax; and

(f) the State tax or Union territory tax shall not be utilised towards payment of

central tax.
(6) The balance in the electronic cash ledger or electronic credit ledger after payment

of tax, interest, penalty, fee or any other amount payable under this Act or the rules made

thereunder may be refunded in accordance with the provisions of section 54.

(7) All liabilities of a taxable person under this Act shall be recorded and maintained in

an electronic liability register in such manner as may be prescribed.

(8) Every taxable person shall discharge his tax and other dues under this Act or the

rules made thereunder in the following order, namely:––

(a) self-assessed tax, and other dues related to returns of previous tax periods;

(b) self-assessed tax, and other dues related to the return of the current tax period;

including the demand determined under section 73 or section 74;

(9) Every person who has paid the tax on goods or services or both under this Act

shall, unless the contrary is proved by him, be deemed to have passed on the full incidence

of such tax to the recipient of such goods or services or both.

Explanation.––For the purposes of this section,—

(a) the date of credit to the account of the Government in the authorised bank

shall be deemed to be the date of deposit in the electronic cash ledger;

(b) the expression,—

(i) “tax dues” means the tax payable under this Act and does not include

interest, fee and penalty; and

(ii) “other dues” means interest, penalty, fee or any other amount payable

under this Act or the rules made thereunder.

The above information clarifies about Payment of tax, interest, penalty and other amounts under section 49 of CGST Act,2017.

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