GST PMT-06 Challan for making payment under QRMP Scheme

GST PMT-06 Challan for making payment under QRMP Scheme

GST PMT- Challan has gained wide importance these days, especially after the introduction of the QRMP Scheme. Through this article let us understand all about the Form.

What is GST PMT-06?

A taxpayer who wants to deposit tax, interest, penalty, fees or any other amount shall generate a challan in FORM GST PMT-06 on the common portal and enter the details of the amount to be deposited by him.

This is not a new concept. This is the same old challan we have been using to pay tax while filing GSTR-3B. Only the FORM GST PMT-06 has come into more notice amid QRMP Scheme.

How to Access the GST PMT-06 Challan?

• Go to Services Tab
• Click on Payments
• Click on Create Challan

What has changed in GST PMT-06 due to QRMP Scheme?

As such, there is no change in the particulars of the Challan Form. But yes, while generating the Challan Form we need to follow a specific process. The same is given below for reference:

While generating the Challan Taxpayer needs to provide the Specific Reason for making the payment. The Reson can be:

• Monthly Payment for Quarterly Return; In case you are making payment under QRMP Scheme
• Any other payment

Monthly Payment for Quarterly Return will further be followed by:

• 35% Challan
• Challan on a self-assessment basis

Which reason should be selected by the Taxpayer while making payment through Challan GST PMT-06?

Option 1: Monthly Payment for Quarterly Return

This option will be selected by the taxpayer filing GSTR-3B on quarterly basis and intending to make payment for the first and second months of the quarter.

• 35% Challan should be selected when you are making payment through Fixed Sum Method
• Challan on a self-assessment basis should be selected if you are self-assessing your tax.

Please note that in the third month, the payment of Tax Liability will be Automatically routed to GST-PMT-06 Challan though Form-GSTR-3B. So Taxpayer is not required to select a specific option in 3rd Month. But if the taxpayer is generating challan manually in 3rd month, he has to choose Any other payment Option.

Option 2: Any other payment

A taxpayer who is not Filing returns under QRMP Scheme shall choose Any other payment option for making Tax Payment.

The following has been discussed in Brief:

Taxpayer	Challan Option
	M1	M2	M3
QRMP Opted	Monthly Payment for Quarterly Return	Monthly Payment for Quarterly Return	Any other payment
QRMP Not Opted	Any other payment	Any other payment	Any other payment

What are the Due Dates for making Payment of GST Output Liability?

Taxpayer	M1	M2	M3
QRMP Opted	25th of next Month	25th of next Month	22nd/or 24th as per your Place of Bussiness
QRMP Not Opted	20th of next Month	20th of next Month	20th of next Month

How to Calculate Outstanding Tax Liability for Taxpayers under QRMP Scheme and otherwise?

Taxpayer			M1	M2	M3
QRMP Opted	35% Payment Option	If RP was a Quarterly Filler	35% of Tax paid in cash in Previous Quarter	35% of Tax paid in cash in Previous Quarter	Actual Liability via GSTR-3B
		If RP was a Monthly Filler	100% of Tax paid in cash in Previous month	100% of Tax paid in cash in Previous month	Actual Liability via GSTR-3B
	Self Assessment		Self Assessed Tax	Self Assessed Tax	Actual Liability via GSTR-3B
QRMP Not Opted			Actual Liability via GSTR-3B	Actual Liability via GSTR-3B	Actual Liability via GSTR-3B

The Tax liability will be reduced by the amount present in the Cash and credit ledger of the taxpayer.

Please note the below-mentioned Scenario for Better understanding:

Senarios	Taxpayer		Tax Liability to be discharged by GST PMT-09
			M1	M2
1	Nil Liability	35% Payment Option	NA	NA
		Self Assessment	NA	NA
2	Adequate Cash/ Credit Balance	35% Payment Option	NA	NA
		Self Assessment	NA	NA
3	Adequate Cash/ Credit Balance in M1 but not in M2	35% Payment Option	NA	Auto-Generated Challan
		Self Assessment	NA	Self Assessed Amount
4	Inadequate Cash/ Credit Balance	35% Payment Option	Auto-Generated Challan	Auto-Generated Challan
		Self Assessment	Self Assessed Amount	Self Assessed Amount

Please note that in the 3rd Scenario, the Taxpayer can choose a payment option in M2 as in M1 he was not required to make any tax payment, thus the question of choosing a payment option did not arise.

What is the Late Fees Applicable on delayed Filing of Form GST PMT-06?

No Late Fees is applicable on delayed Filing of Form GST PMT-06.

What is the interest Applicable on delayed payment/short payment of taxes via Form GST PMT-06?

• Delayed Filing of Form GST PMT-06

It means delayed payment of Taxes. Yes, interest is applicable u/s 50 on delayed Filing of Form GST PMT-06. The Rate of Interest is 18% pa.

For Example, interest is applicable when Tax is paid after the due date of 25th in case you have opted for QRMP Scheme.

• Interest Short Payment of Taxes

35% Payment Option or Fixed Sum Method

No Interest is applicable if the taxpayer makes payment as per pre-filled challan and discharges remaining tax liability on due date of filing GSTR-3B.

Self Assessment Method

Interest is applicable if the taxpayer makes payment as per the self-assessment method and discharges the remaining tax liability after the due date.

Discussion Point:

Some clarification is still pending that what will happen is the taxpayer chooses wrong payment Option for making Tax.

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