Answer

1. F

   Facts

   Tax is paid when the amount is credited to the Government account and the return is filed. Payments made late at night or by NEFT on the due date may get credited later. Pay early to avoid interest.

2. P

   Provisions and law

   • Sec 49(1), CGST Act 2017Every deposit of tax, interest, penalty, fee or other amount is credited to the electronic cash ledger
   • Sec 50(1), CGST Act 2017Interest at 18 percent a year on tax paid late, on the portion paid in cash
   • Rule 87, CGST Rules 2017Electronic cash ledger in PMT-05, challan PMT-06 valid for 15 days, payment modes, CIN, PMT-07 for failed credits and PMT-09 transfers
3. A

   Analysis

   Example: a dealer pays Rs 2 lakh at 11 pm on 20 October by NEFT; the bank credits it on 21 October and he files GSTR-3B on 21 October. The return is late by one day, so late fee and interest may apply. Paying by net banking or UPI in the morning of the due date, or a day earlier, avoids this. Portal slowdowns on due dates are common.

4. C

   Conclusion

   1. 1Prepare the return figures two or three days before the due date
   2. 2Pay through net banking or UPI early
   3. 3Check the CIN and cash ledger credit
   4. 4File the return the same day

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.