Rules

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