Page 6 - Ch9_POT & TDS-TCS

04. Sec 49(1): Amount credited to Electronic Cash Ledger &
Sec 49(3) read with Rule 87:- Utilisation of Electronic Cash Ledger

CCP 09.04.06.00
What are the possible 'debits' and 'credits' to electronic cash ledger?
Answer:
The differences are as follows:-

S.No. Debit Credit
1 Discharge of any liability of tax, interest , Deposit made through challan towards tax, interest,
penalty, late fee, etc. penalty, late fee, etc.

2 Claim for refund of any amount Claim for TDS Deducted
3 - Claim for TCS Collected
4 - Reversal of amount debited earlier on account of final

rejection of refund to the extent of rejection.

CCP 09.04.07.00
Sahil is a supplier of taxable goods in Karnataka. He got registered under GST in the month of
September, 20XX and wishes to pay his IGST liability for the month. Since he's making the GST

payment for the first time, he is of the view that he needs to mandatorily have the online banking facility
to make payment of GST; offline payment is not permitted under GST. You are required to apprise Sahil
regarding the various modes of deposit in the electronic cash ledger. Further, advise him with regard to
following issues:-
(a) Are manual challans allowed under GST?

(b) What is the validity period of the challan?
(c) Is cross utilization among Major and Minor heads of the electronic cash ledger permitted? [CA Inter
RTP May 19 New] [Study Mat]

Answer:
Ü As per Section 49(1) of CGST Act, 2017, the deposit in electronic cash ledger can be made through any of
the following modes, namely:-
(i) Internet Banking through authorised banks;
a) Unified Payment Interface (UPI) from any bank;

b) Immediate Payment Services (IMPS) from any bank;
(ii) Credit card or Debit card through the authorised bank;
(iii) National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) or Immediate
Payment Service (IMPS) from any bank; or

(iv) Over the Counter payment through authorised banks for deposits up to Rs. 10,000/- per challan per
tax period, by cash, cheque or demand draft.
ÜThus, offline mode is also permitted under GST subject to specified conditions.

a Manual or physical Challans are not allowed under the GST regime & it is mandatory to generate
Challans online on the GST Portal.
b E-challan is valid for a period of 15 days.

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