GST Payment Online: Methods, Rules, and Form
Every registered business and taxpayer is required to pay their taxes after setting off their Input Tax Credit (ITC). The person must furnish his/her taxes every month and make the payment before the 20th. The payment of GST can also be done online and hence, is a sustained and constructive experience too.
Payment Rules:
- If the payment of GST is not made before the due date, the person will be charged with interest from the date on which he/she was supposed to pay.
- If the person furnishes GST monthly return without paying his/her tax due, it will be considered as an invalid return.
Payment Methods
- E Banking
- NEFT/RTGS
- Over the Counter
E- Banking
The Indian government has prescribed three different ledgers that a taxpayer should maintain.
| Heading | What It Does |
| Electronic tax liability register | It displays the total liability of the registered person during any particular time. |
| Electronic cash ledger | It shows the net deposit made by the taxpayer when he discharged his liability, interest or penalty. |
| Electronic credit ledger | It records all the payments done on the inputs. |
Online Payment (Step By Step)
- Login to www.gst.gov.in to access the GST portal.
- Click on services – payments – create challan option – enter you details.
- (If you have created the challan already) Click on services – payments – saved challan.
- Select payment method – click on E- Payment.
- Click on the generate challan option after filling in all the details.
- Click on the Net Banking option under E- Payment
- Choose the bank with which you want to make the payment.
- Agree to all terms and conditions.
- Make the payment.
- Once the payment is done, download the challan for future reference.
Offline Methods
NEFT/RTGS
- After logging in, click on the NEFT/RTGS as your payment mode.
- Once the Remitting Banks list appears select the bank of your choice.
- Click on the generate challan option.
- Print the challan and visit your bank. The mandate form will be generated simultaneously.
- Make the payment in the bank with your cheque. You can also use the account transfer facility to make the payment.
- The bank will process the transaction and the RBI will confirm it within 2 hours.
- The payment will be updated in the Electronic Cash Ledger under its respective head.
Over The Counter
- After logging in, click on the over the counter option as your payment method.
- Select the bank from the drop list, where you are supposed to deposit.
- Select the type of instrument, that is, cheque/ cash/ Demand draft.
- Click on the generate challan option.
- The challan will be generated.
- Take a printout of the challan and visit your respective bank.
- Make the payment with your instrument within its validity date.
GST Registration Forms
|
GST REG-01 |
Application for Registration |
|
GST REG-02 |
Acknowledgement |
|
GST REG-03 |
Notice for Seeking Additional Information / Clarification / Documents relating to Application for registration/amendments/cancellation |
|
GST REG-04 |
Clarification/additional information/document for Registration/ Amendment / Cancellation |
|
GST REG-05 |
Order of Rejection of Application for Registration / Amendment / Cancellation |
|
GST REG-06 |
Registration Certificate |
|
GST REG-07 |
Application for Registration as Tax Deductor at source (u/s 51) or Tax Collector at source (u/s 52) |
|
GST REG-08 |
Order of Cancellation of Registration as Tax Deductor at source or Tax Collector at source |
|
GST REG-09 |
Application for Registration of Non Resident Taxable Person |
|
GST REG-10 |
Application for registration of person supplying online information and data base access or retrieval services from a place outside India to a person in India, other than a registered person |
|
GST REG-11 |
Application for extension of registration period by casual / non- resident taxable person |
|
GST REG-12 |
Order of Grant of Temporary Registration/ Suo Moto Registration |
|
GST REG-13 |
Application/Form for grant of Unique Identity Number (UIN) to UN Bodies / Embassies /others |
|
GST REG-14 |
Application for Amendment in Registration Particulars (For all types of registered persons) |
|
GST REG-15 |
Order of Amendment |
|
GST REG-16 |
Application for Cancellation of Registration |
|
GST REG-17 |
Show Cause Notice for Cancellation of Registration |
|
GST REG-18 |
Reply to the Show Cause Notice issued for |
|
GST REG-19 |
Order for Cancellation of Registration |
|
GST REG-20 |
Order for dropping the proceedings for cancellation |
|
GST REG-21 |
Application for Revocation of Cancellation of |
|
GST REG-22 |
Order for revocation of cancellation of registration |
|
GST REG-23 |
Show Cause Notice for rejection of application for revocation |
|
GST REG-24 |
Reply to the notice for rejection of application for revocation of cancellation of registration |
|
GST REG-25 |
Certificate of Provisional Registration |
|
GST REG-26 |
Application for Enrolment of Existing Taxpayer |
|
GST REG-27 |
Show Cause Notice for cancellation of provisional |
|
GST REG-28 |
Order of cancellation of provisional registration |
|
GST REG-29 |
Application for cancellation of provisional |
|
GST REG-30 |
Form for Field Visit Report |
Conclusion
In conclusion, GST process and payment are the key vitals to any business to remain in the race. It is essential for them to be aware of the formats, schemes, due dates etc. We are here to help making that experience smoother and faster, so that you can engage in your business hassle-free.
GST Payment Process, Rules & Form FAQs:
1. What is GST?
2. What does GST stands for?
3. What does GST Composition scheme mean?
4. Where does GST money go?
5. When is GST paid?
6. Why is GST important?
7. How to register on GST portal?
8. Why GST was introduced?
9. How to generate a GST challan?
Generating a GST challan involves a straightforward online process through the GST portal. First, log in to your GST account and navigate to the ‘Services’ tab. Select ‘Payments’ and click on ‘Create Challan.’ Enter the required details like tax liability and select your preferred payment method. After verification, proceed to make the payment as per GST payment rules in India.
10. What is the time limit for GST payment?
The time limit for GST payment in India is usually the 20th of the succeeding month, although some businesses under the composition scheme might have a different schedule. GST payments can be made online through various methods like net banking, credit/debit cards, or authorized banks. The GST e-payment process follows specific rules set by the government, ensuring a streamlined and efficient payment procedure for taxpayers.
11. What are the different modes of GST payment?
GST payment in India offers multiple modes for convenience. These include online methods like NEFT/RTGS, debit/credit cards, and net banking through the GST portal. Additionally, taxpayers can pay through authorized banks or through over-the-counter payments using cash or check. GST e-payment process follows specific rules, ensuring compliance with India’s taxation norms while offering varied options for seamless transactions.
12. How to check the status of a GST payment?
To check the status of a GST payment in India, follow these steps:
- Visit the GST portal and log in.
- Navigate to the ‘Services’ tab and select ‘Payments’ > ‘Track Payment Status.’
- Enter the required details: payment date, tax period, and amount.
- Click ‘Search’ to view the status—’Paid,’ ‘Pending,’ or ‘Error.’
- Always ensure accurate details for a seamless GST e-payment process.
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