FAQs on Payment of GST on Voluntary Basis

FAQs on Payment of GST on Voluntary Basis

1. What is the facility for Payment on Voluntary Basis

Payment on Voluntary Basis is a facility given to tax payers to make payment u/s 73 or 74 of the CGST Act, 2017 within 30 days of issuance of Show Cause Notice (SCN). Payment could also be made by taxpayers before SCN is issued.

2. When can I make voluntary payment

You can make voluntary payment before issue of notice u/s 73 or 74 of the CGST Act, 2017 or within 30 days of issue of show cause notice (SCN) under the said sections. You cannot make voluntary payment after 30 days of issue of SCN.

3. What are the pre-conditions to make voluntary payment

The pre-conditions to make voluntary payment are:

1. In case, voluntary payment is made before issue of SCN

• Show Cause Notice under determination of tax should not have been issued.

1. In case, voluntary payment is made after issue of SCN or statement

• 30 days time has not lapsed since SCN is issued.

4. Can I make partial payment against a liability declared voluntarily

GST Portal does not allow for making partial payments against a liability declared voluntarily. The payment has to be made with reference to amount being demanded or already demanded in SCN.

You may also like:

• Matching Purchase and Input Tax Credit Through GSTR 2A
• GST FAQ on Banking Sector as released by CBIC
• GST FAQ on Insurance Sector as released by CBIC
• GST FAQ on Stock Brokers Sector as released by CBIC

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