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CMA Final · Indirect Tax Laws and Practice · Walkthrough of GSTN Portal

Mehta Traders, a regular taxpayer, deposits Rs 40,000 into its electronic cash ledger using a challan generated on the GST portal. Which statement about the Challan (CPIN) generated for this payment is correct?

A challan with a CPIN generated on the GST portal is valid for 15 days. The deposit into the electronic cash ledger must be completed within this period; after that, a new challan has to be generated.

  1. AThe challan is valid for 15 days from generation and the payment must be made within that periodCorrect
  2. BThe challan is valid for 30 days and can be reused for any later payment
  3. CThe challan has no validity limit once generated
  4. DThe challan is valid only on the day of generation

Explanation

On the GST portal, a challan generated through Create Challan carries a CPIN and is valid for 15 days. Payment must be made within that period, otherwise a fresh challan must be created. It is not unlimited, nor limited to one day, and it cannot be reused.

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