Section 80 of CGST Act, 2017 Payment of tax and other amount in instalments

 

 

Section 80 Payment of tax and other amount in instalments, CGST Act, 2017

 

The below post explains about Payment of tax and other amount in instalments under section 80 of CGST Act,2017.

 

Section 80 of CGST Act, 2017 explains Payment of tax and other amount in instalments as below: (The amendments if any will also be updated here soon).

 

The extract of Section 80 of CGST Act,2017 quoted below:

 

80  Payment of tax and other amount in instalments

 

80. On an application filed by a taxable person, the Commissioner may, for reasons to

be recorded in writing, extend the time for payment or allow payment of any amount due

under this Act, other than the amount due as per the liability self-assessed in any return, by

Section 80 of CGST Act, 2017 Payment of tax and other amount in instalmentssuch person in monthly instalments not exceeding twenty four, subject to payment of interest

under section 50 and subject to such conditions and limitations as may be prescribed:

Provided that where there is default in payment of any one instalment on its due date,

the whole outstanding balance payable on such date shall become due and payable forthwith

and shall, without any further notice being served on the person, be liable for recovery.

 

The above information clarifies about Payment of tax and other amount in instalments under section 80 of CGST Act,2017.  

 

 

If you have any comments about Section 80 of CGST Act, 2017 explaining Payment of tax and other amount in instalments, share below your thoughts:

 

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