Describe the provision of payment of tax and other amount in installment under section 80 of the CGST Act, 2017. Also discuss, under what…

On an application filed by a taxable person, the Commissioner may, for reasons to be recorded in writing, allow payment of tax and other amounts due by such person in maximum 24 monthly instalments, on payment of interest and subject to prescribed conditions and limitations. If there is default in payment of any one instalment on due date, then the whole outstanding balance shall become due and payable immediately. The facility of payment in instalments shall not be allowed where – the taxable person has already defaulted on the payment of any amount under the GST law, for which the recovery process is on.the taxable person has not been allowed to make payment in instalments in the preceding financial year.the amount for which instalment facility is sought is less than - 25,000.the amount payable is self-assessed tax.