Rules Rule 85 of CGST Rules 2017:- Electronic Liability Register as amended from various notifications issued from time to time
Financial Year: 2017
Rule 85
Electronic Liability Register
(1) The electronic liability register specified under
subsection (7) of section 49
shall be maintained in FORM GST PMT-01
for each person liable to pay
tax, interest, penalty, late fee or any other amount
on the common portal
and all amounts payable by him
shall be debited to the said register.
(2) The electronic liability register of the person shall be debited by-
(a) the amount payable towards
tax, interest, late fee or any other amount payable
as per the return furnished by the said person;
(b) the amount of tax, interest, penalty or any other amount payable
as determined by a proper officer
in pursuance of any proceedings under the Act
or as ascertained by the said person;
(c) the amount of tax and interest payable
as a result of mismatch under section 42 or section 43 or section 50;
or
(d) any amount of interest that may accrue from time to time.
(3) Subject to the provisions of section 49,
[section 49A and section 49B],
(Inserted by Notification No 03/2019 Central Tax dated 29th Jan 2019)
payment of every liability
by a registered person as per his return
shall be made
by debiting the electronic credit ledger
maintained as per rule 86 or
the electronic cash ledger maintained as per rule 87
and the electronic liability register shall be credited accordingly.
(4) The amount deducted under section 51,
or the amount collected under section 52,
or the amount payable on reverse charge basis,
or the amount payable under section 10,
any amount payable towards
interest, penalty, fee or any other amount under the Act
shall be paid by
debiting the electronic cash ledger maintained as per rule 87
and the electronic liability register
shall be credited accordingly.
(5) Any amount of demand debited
in the electronic liability register
shall stand reduced
to the extent of relief given by
the appellate authority or Appellate Tribunal or court
and the electronic tax liability register shall be credited accordingly.
(6) The amount of penalty imposed or liable to be imposed
shall stand reduced partly or fully, as the case may be,
if the taxable person makes the payment of
tax, interest and penalty
specified in the show cause notice or demand order
and the electronic liability register shall be credited accordingly.
(7) A registered person shall,
upon noticing any
discrepancy in his electronic liability ledger,
communicate the same to the officer exercising jurisdiction in the matter,
through the common portal in FORM GST PMT-04.
Thanks
CA Rahul Gupta