Form PMT-06 is a challan to make payment of GST, interest, late fee and penalty if any. With the implementation of the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) plan in January 2021, it has gained a lot of significance. Let us put some light on the new GST form PMT-06 and understand its format, due date etc. in detail.
What is PMT-06?
Form PMT-06 is a challan or a form for deposit of goods and services tax. A challan under form GST PMT-06 has to be generated for any payment made via net banking or OTC (over the counter) without using available ITC.
The Indian Government has shared a set format for this challan. Please refer the image below:
When is PMT-06 generated?
Form PMT-06 has to be generated after the payment for the ‘tax liability’ is paid by the registered taxpayer. The bank shares a CIN (challan ID number) which needs to be mentioned in form PMT-06. A complaint would be forwarded by the common portal to the bank, if the CIN is not shared by them. An intimation would also be provided to the registered person about the same.
Who can generate PMT-06?
Any person, (or a person on his behalf) can generate the challan on the common portal. The person needs to enter the details of the amount to be deposited by him/her towards tax, interest, penalty, fees or any other amount as per Rule 87(2) of CGST and SGST Rules, 2017.
The Deposit has to be made via
(i)Internet Banking through authorized banks
(ii)Credit card / debit card via authorized bank
(iii)NEFT/RTGS from any Bank
(iv)Over the Counter Payment (OTC) only through authorized banks for deposits up to ten thousand rupees per challan per tax period, by cash , cheque or demand draft as per Rule 87(3) of CGST and SGST Rules, 2017.
Note– Form PMT-06 has to be generated when there is an outstanding liability which is required to be settled in Cash.
The validity of one challan is of 15 days. The challan application can be submitted on the common portal within 24 hours of paying tax.
Note: The amount of tax paid by the registered person will be shown as a debited entry in the electronic cash ledger (Form GST PMT-05). The registered person needs to file another application using the form GST PMT-07, if there is any difference in the amount of tax paid and the debited entry
Form GST PMT-07 is added below for your reference:
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