Over the Counter payment to Bank

Over the Counter payment to Bank :

Over the Counter payment (OTC) can be made through authorized banks for deposits up to ten thousand rupees per challan per tax period, by cash, cheque or demand draft.

The restriction for deposit up to ten thousand rupees per challan in case of an Over the Counter (OTC) payment shall not apply to deposit to be made by – (a) Government Departments or any other deposit to be made by persons as may be notified by the Commissioner in this behalf (b) Proper officer or any other officer authorised to recover outstanding dues from any person, whether registered or not, including recovery made through attachment or sale of movable or immovable properties (c) Proper officer or any other officer

authorized for the amounts collected by way of cash, cheque or demand draft during any investigation or enforcement activity or any ad hoc deposit – first proviso to Rule 3(3) of Payment Rules.

The challan in form GST PMT-06 generated at the Common Portal shall be valid for a period of fifteen days.

For making payment of any amount indicated in the challan, the commission, if any, payable in respect of such payment shall be borne by the person making such payment.

Any payment required to be made by a person who is not registered under the Act, shall be made on the basis of a temporary identification number generated through the Common Portal – Rule 3(4) of Payment Rules.