Quarterly return for September 2023

This query is : Resolved 
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This discussion clarifies GST payment obligations for the September 2023 quarter. It addresses whether cash payment is required for July's GST liability, especially with August's input tax credit. The conversation highlights that the 1% mandatory cash payment rule (CGST Act Rule 86B) only applies to businesses with a monthly turnover exceeding 50 lakhs. For those below this threshold, paying late may incur interest, but the 1% cash payment isn't mandatory. The advice confirms that July's tax can be paid in September using input tax credits, and it's not mandatory to pay in cash if sufficient input tax credit is available and turnover is below the threshold.

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(Querist)
23 September 2023 We have gst tax of Rs5000/ in July 2023 .In the month of August 2023 we have excess input of Rs10000/ .Are we required to pay tax for July 2013 in cash ?
Please clarify?
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ARUN GUPTA

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ARUN GUPTA (Querist)
23 September 2023 Will we have to pay interest if we pay July 2023 gst tax in September 2023 on 25th September 2023? Please clarify?
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ARUN GUPTA

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ARUN GUPTA (Querist)
23 September 2023 We have gst tax of Rs5000/ in July 2023 .In the month of August 2023 we have excess input of Rs10000/ .Are we required to pay tax for July 2013 in cash ? Please clarify?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 As per rule 86B of Cgst Act 1% Cash payment of Output tax is mandatory for persons having monthly turnover exceeding 50 Lacs.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 Interest payable on such late payment.
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ARUN GUPTA

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ARUN GUPTA (Querist)
24 September 2023 My monthly turnover is less then 50 lakhs so do I need to pay interest on monthly tax
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ARUN GUPTA

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ARUN GUPTA (Querist)
24 September 2023 Please clarify if my monthly sale is less then Rs50 lakhs am I liable to pay 1% in cash for output tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 No need for 1% cash payment in your case.
Interest payable for delay in cash payment.
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ARUN GUPTA

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ARUN GUPTA (Querist)
24 September 2023 Should I pay July 2022 taxes in August 2023 when I have excess input tax credit of Rs10000/ ? Pl clarify this ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2023 Yes, you can pay.....
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ARUN GUPTA

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ARUN GUPTA (Querist)
25 September 2023 Is it mandatory to pay if Itc of Rs10000/ available in month of August 2023
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 September 2023 Not mandatory in your case.
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