GSTR-9/9C Filing with payment of tax | How to pay Tax with GSTR 9 and 9C

Summary

This video guide explains how to pay GST liabilities during the filing of the GST Annual Return (GSTR-9). It provides step-by-step instructions for using the GST portal, including selecting the correct form (DRC-03), choosing the right tax type (IGST, CGST, SGST), and making payments via cash ledger. Additionally, the video promotes **c guruji.com**, offering valuable courses on GST filing and other related financial topics. The aim is to help users navigate the GST portal with ease and enhance their knowledge through expert-led training, benefiting both professionals and business owners.

Takeaways

• 😀 Login to your GST portal to file the Annual Return and pay any liabilities.
• 😀 Navigate to 'User Services' and click on 'My Applications' to start a new application.
• 😀 Choose the 'Intimation of Voluntary Payment RSC 03' form to file your return and make payments.
• 😀 For Annual Return liabilities, select 'Annual Return' under the 'Form' section and 'RSC 03' form.
• 😀 Enter the financial year (e.g., April 2023 to March 2024) and the tax period for payment.
• 😀 You can choose to pay taxes for the entire year or break it down by month for specific periods.
• 😀 Pay taxes through the cash ledger for the Annual Return, as specified under GST rules.
• 😀 Make sure to select the correct tax type: IGST, CGST, or SGST based on the payment details.
• 😀 Include any interest or penalty applicable for late payments or reversed input tax credit (ITC).
• 😀 Visit c guruji.com for detailed GST filing courses to understand GSTR 9 and 9C, and improve your tax knowledge.

Q & A

What is the process for paying GST liability when filing the GST annual return?

To pay GST liability while filing the GST annual return, you need to access the GST portal, go to 'User Services' and select 'My Applications.' Then, choose the 'New Application' option, and select 'Intimation of Voluntary Payment (RRC 03)' as the application type. After selecting the correct section, enter the financial year, the tax period, and the required payment details. Finally, save and proceed to make the payment through cash ledger.

Which form is used for making voluntary GST payments related to the annual return?

The form used for making voluntary GST payments is 'RRC 03'. This can be accessed under the 'My Applications' section on the GST portal.

Can the GST liability be paid in installments or is it a one-time payment?

GST liability can be paid either in full or in installments. If you don't know the tax breakdown, you can opt to pay the entire liability for the year at once or choose to make payments based on monthly liabilities.

Is it necessary to pay the GST liability in cash when filing the annual return?

Yes, the GST liability related to the annual return must be paid through the cash ledger, as mentioned in the form instructions. The liability cannot be settled using input tax credit (ITC).

How is the interest calculated when paying GST on the portal?

If there is any delay in paying the GST or if input tax credit (ITC) needs to be reversed, interest should be calculated and added to the payment. The GST portal allows you to enter the interest amount as part of the payment details.

What happens if you select the wrong section or payment head on the GST portal?

Selecting the wrong section or payment head may lead to incorrect payment or filing. It is essential to carefully choose the correct section and payment head to avoid confusion and ensure accurate filing.

Where can one find more detailed courses on GST and tax filing?

For more detailed courses on GST, including GST return filing and reconciliation, you can visit 'cguruji.com'. The website offers various courses, including GST 9 and 9C filings, with practical examples and detailed guidance.

Can you break down the payment for GST by individual months?

Yes, you can break down the GST payment by month if needed. You can select specific months like April, and enter the liability for each month. However, if you prefer, you can pay the entire year's tax in one payment.

What is the difference between the yellow and black thumbnails for courses on 'cguruji.com'?

The yellow thumbnail courses are available for a limited time, while the black thumbnail courses offer lifetime validity. You can choose based on your schedule and the time you have to complete the course.

What are the additional features of the GST 9 and 9C course on cguruji.com?

The GST 9 and 9C course on cguruji.com provides detailed practical examples and covers all aspects of GST filing, reconciliation, ITC, and sales. It is designed to help you understand the full filing process to handle both personal and professional GST obligations effectively.