Payment of tax, interest, penalty and other amounts

Payment of tax, interest, penalty and other amounts.-

1. (1) Tax payable under this Act shall be deposited into a Government treasury or a bank authorized to receive money on behalf of the State Government, on the basis of accounts of a dealer in such manner and at such intervals as may be notified by the State Government, and different intervals may be notified for different categories of dealers.
2. (2) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking or by using credit or debit cards or National Electronic Fund Transfer or Real Time Gross Settlement or Unified Payment Interface or by such other mode and subject to such conditions and restrictions as may be prescribed, shall be credited to the electronic cash ledger of such person to be maintained in such manner and at such interval as may be prescribed.
3. (3) The input tax credit as self-assessed in the return of a registered dealer shall be credited to his electronic credit ledger, in accordance with section 12, to be maintained in such manner as may be prescribed.
4. (4) The amount available in the electronic cash ledger may be used for making any payment towards tax, interest, penalty, fees or any other amount payable under the provisions of this Act or the rules made thereunder in such manner and subject to such conditions and within such time as may be prescribed.
5. (5) The amount available in the electronic credit ledger may be used for making any payment towards output tax under this Act or under the Central Sales Tax Act (Central Act No. 74 of 1956) in such manner and subject to such conditions and within such time as may be prescribed.
6. (6) All liabilities of a registered dealer under this Act shall be recorded and maintained in an electronic liability register in such manner as may be prescribed.
7. (7) Every registered dealer shall discharge his tax and other dues under this Act or the rules made thereunder in the following order, namely:-
   • (a) self-assessed tax, and other dues related to returns of previous tax periods;
   • (b) self-assessed tax, and other dues related to the return of the current tax period;
   • (c) any other amount payable under this Act or the rules made thereunder including the demand determined under this Act.
8. (8) Every person who has paid the tax on goods under this Act shall, unless the contrary is proved by him, be deemed to have passed on the full incidence of such tax to the purchasing dealer of such goods.
9. (9) The balance in the electronic cash ledger after payment of tax, interest, penalty, fee or any other amount payable under this Act or the rules made thereunder may be refunded in accordance with the provisions of section 31. Explanation.- For the purposes of this section,-
   • (a) the date of credit to the account of the Government in the authorized bank shall be deemed to be the date of deposit in the electronic cash ledger;
   • (b) the expression,-
     • (i) ‘tax dues’ means the tax payable under this Act and does not include interest, fee and penalty; and
     • (ii) ‘other dues’ means interest, penalty, fee or any other amount payable under this Act or the rules made thereunder.