CMA Final · Indirect Tax Laws and Practice · Walkthrough of GSTN Portal
Pragati Traders deposited Rs 50,000 in its electronic cash ledger by challan and generated it on the GSTN portal. A CIN is generated for the challan. For how many days is the generated challan valid for making payment?
A challan generated on the GST portal for depositing money in the electronic cash ledger is valid for 15 days from the date of generation. Payment must be made within that period using the CIN, otherwise a fresh challan has to be generated.
- A7 days
- B15 daysCorrect
- C30 days
- D45 days
Explanation
The challan (PMT-06) generated on the GST portal remains valid for 15 days from the date of generation. A deposit made after this period would not be credited against the CIN, so 7 or 30 days is wrong.
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