Complete Guide on Form GST PMT-06 Payment Challan

Basics of Form GST PMT-06 Payment Challan

The PMT-06 challan makes GST payments simpler, and has gained more prominence due to the QRMP scheme. This guide will explain what PMT-06 is, along with when and how you would have to make payments through this form.

• What is Form GST PMT-06?
• When do you have to make the payment?
• Methods of payment under the QRMP scheme
• How to use Form GST PMT-06
• Interest for late payment

What is Form GST PMT-06?

Form GST PMT-06 is a single challan through which you can pay taxes, interests, penalties, and fees. You can generate this challan online from the GST portal, make online payments, and get instant receipts. This is also the challan you will have to use to deposit your monthly tax if you are registered under the QRMP scheme.

When do you have to make the payment?

Once you have generated the challan, you will have only 15 days to complete the pending payment. If you have been registered under the QRMP scheme, you will have to pay the due tax amount in each of the first two months. The payment for one month should be made by the 25th of the following month. For example, payment for the month of April will have to be done by the 25th of May.

You do not need to make a payment if:

• You have an adequate balance in your electronic cash/credit ledger for the tax amount you need to pay. In case the balance in the electronic cash ledger is not adequate to clear the tax amount, you can use PMT 06 to make your payment.
• You have no liabilities for that month.

Note: If you are a GST practitioner, you can make payments on behalf of your clients. However, you cannot opt in/out of the QRMP scheme on behalf of a taxpayer.

Methods of payment under the QRMP scheme

You can use either of the following payment methods for any of the months when making your payment through PMT 06: 

• Fixed-sum method  
• Self-assessment method

Fixed-sum method

In this method, you can get a pre-filled challan for 35% of the tax amount or 100% of the tax amount, depending on whether you filed quarterly returns or monthly returns in the previous quarter.

If you had filed quarterly returns, you will get a pre-filled challan for 35% of the tax amount paid from the Electronic Cash Ledger in the preceding quarter. If you had filed monthly returns in the preceding quarter, you can get a pre-filled challan for 100% of the tax amount paid from the Electronic Cash Ledger in the last month of the previous quarter.

Note: If you are a new taxpayer, if your last GSTR-3B was not filed, or if you have opted out of the Composition scheme, you cannot access the 35% challan.

Self-assessment method

In this method, you have to assess your tax liability manually and pay the amount through GST PMT 06 payment challan. You need to consider the amount you have to pay on inward and outward supplies after adjusting the available Input Tax Credit (ITC) . You can check your ITC by checking the auto-drafted ITC statement in Form GSTR-2B , for each month.

How to use Form GST PMT-06

• Go to the GST portal and navigate to Services >> Payments >> Create challan.
• Select Monthly payment for quarterly return as the reason for generating the challan if you are in the QRMP scheme. If you are not in the QRMP scheme, you can select Any other payment to create the challan.
• Select the year and the period for which you are paying taxes.
• Select either of the challan types provided and click Proceed.
• Once you enter the details in the challan, a Challan Portal Identification Number (CPIN) will be generated on the GST portal. This CPIN is valid only for 15 days, so you need to make the payment before it expires.
• After you make the payment, you will get a Challan Identification Number (CIN) which will be shared by the bank as proof of successful payment. This will need to be entered in GST PMT 06.
• The amount you have paid will be credited to your Electronic Cash Ledger. If you make online payments with this challan after 8 pm, it will be reflected in your Electronic Cash Ledger on the same day. You can submit this challan within 24 hours of making the payment.

For detailed instructions on how to create and submit this challan, you can visit the GST portal .

If you are in the QRMP scheme, keep in mind that the amount you have deposited will only be used to make up for any liabilities and cannot be used for any other purpose until you have filed GSTR-3B for that quarter. Any remaining amount after filing GSTR-3B can be used in the subsequent quarters. Refunds can also be claimed only after you have filed GSTR-3B for that quarter. For example, for the quarter of April-June, if you want a refund for the amount that you deposited in April, you can only get a refund once you have filed GSTR-3B for June.

Interest for late payment

If you don’t make the payment by the due date, interest will accrue from the due date until the date of payment. A separate interest charge will be made if Form GSTR-3B is not filed by the due date. In both cases, the interest rate is 18% (per annum) of the net tax liability.

Exceptions for interest charges:

• If you are paying through the fixed sum method, you will not owe interest if the due tax amount is paid in the first two months of the quarter by the due date. If you opt for the self-assessment method, you’ll have to pay interest for tax or any liability (net of ITC) for late payments. You’ll have to pay this interest through Form GSTR-3B.

• In case the amount you paid for each of the first two months is lesser than the actual amount you owe, you won’t have to pay interest on it as long as you pay the remaining amount by the end of the quarter, while filing GSTR-3B.

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