How to Pay GST Online?
5paisa Research Team
Last Updated: 14 May, 2024 11:00 AM IST
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Content
- What are GST payments?
- GST Payment Rules
- Steps for GST Payments Online
- How to search for your Challan history?
- GST Payment Challan – Components
- GST Online Login via GST Registered Account
- How to Track GST Payment Status per Challan?
- Conclusion
GST payments can be made both online & offline. Businesses must calculate amount of cash tax required after deducting input tax credit. Following that, it must produce GST challan either before or after login into GST system or while filing GST return. GST payment online is the preferred method for businesses in India. It's convenient, secure, and saves time compared to traditional offline methods. To make a GST payment online, simply log in to the GST portal, generate a challan, and choose your preferred online payment option like internet banking, debit card, or credit card. This page gives step-by-step instructions for all sorts of GST taxpayers to complete their payments.
GST e-payment offers a convenient and secure way to fulfill your tax obligations electronically. You can make payments directly through the GST portal using various online methods like internet banking, debit card, or credit card. Gone are the days of lengthy queues! With GST e-payment, you can make payments from the comfort of your office or home, saving valuable time and resources. Timely GST e-payment is crucial to avoid any late fees or penalties that might be levied by the authorities. Remember to keep a record of your GST e-payment transactions for future reference and for reconciliation purposes.
What are GST payments?
GST payments for taxpayers who supply goods or services are required to make GST payments when their output tax duty exceeds their input tax liability. online GST site streamlines procedure by allowing taxpayers to produce GST challans & make payments through variety of online channels. GST payments are transactions involving firm's unpaid Goods & Services Tax (GST) balance, which must be paid on regular basis. It is one of most important needs for firm to remain compliant. In 2017, Indian government established GST regime to improve openness & consistency in tax system. GST challan payment is a crucial step in fulfilling your GST tax obligations. It involves generating a challan (payment slip) on the GST portal, which specifies the amount and type of tax payable.
You have two options for GST challan payment: online or offline. Online payment is generally preferred for its convenience and security. For GST challan payment online, simply log in to the GST portal, generate a challan, and choose your preferred online payment method like internet banking, debit card, or credit card. Once you've made the payment, remember to download and keep a copy of the challan for future reference and record-keeping purposes. This applies to both online and offline GST challan payments.
GST Payment Rules
Under current GST Act provisions, monthly GST returns submitted online are only deemed acceptable if all outstanding taxes have been paid. As result, you cannot submit GST returns for month of May without first paying GST for month of April. In event of late payment of GST dues, annual interest rate of 18% is applied on outstanding amount computed from due date. To avoid GST late payment penalties, it is critical to understand GST online payment method & how to pay it online. While paying GST online with login is generally recommended for security and ease, there might be a limited option for GST payment online without login.
If you are wondering how to pay GST online in India? This clarifies the user's question and sets the stage for further explanation (which you can provide if needed). For a secure and convenient GST payment experience, utilize the GST online payment login.
Steps for GST Payments Online
In simple words, here are methods to pay GST online. Access GST portal & log in to your account. Go to 'Services' are & choose 'Payments' option. Next, click 'Create Challan' & enter your GSTIN.
Paying GST online is easy! Just log in to the GST portal, generate a challan, choose your preferred online payment method (internet banking, debit card, or credit card), and complete the transaction. You'll then receive a confirmation and can download the challan receipt for your records.
Enter amount to be paid & pick payment method from options provided. Click 'Generate Challan' & enter OTP obtained on your registered cell phone number. Once challan has been created, make GST payment. Once your payment has been successfully processed, you will be able to get your GST challan.
Follow steps mentioned below to make GST payment online:
Login to GST portal by clicking on link: https://services.gst.gov.in/services/login
Once logging in, click on Services >> Payment >> Challan.
On next step, mention liability amount that you wish to pay.
Next, you will be taken to ‘Payment’ section of form. From options provided, select payment option through which you want to pay challan. Once you have selected mode of payment, click on ‘Generate Challan’.
Your challan will be successfully generated once you have completed entire process. You can consult picture attached below for reference purposes.
How to search for your Challan history?
To look for your challan history, follow procedures listed below:
Return to home page of your GST account.
After that, click on following options: Services > Payments > Challan History. You can refer to image below for reference.
GST Payment Challan – Components
GST Payment Challan is important document that must be generated online as part of GST Online Payment Process.
key components of GST Payment Challan include:
1. Common Portal Identification Number (CPIN) is unique to each individual's GST Challan.
2. Challan Generation Date
3. Challan Expiration Date (this date is normally 15 days from day when Challan was produced).
4. Mode of Payment
5. Various taxpayer details, such as GSTIN, e-mail, cell phone number, name, & address.
6. Taxes payable: CGST/IGST/SGST/CESS, etc.
To make GST payment online, simply pick E-Payment option & click "Make Payment" link.
GST Online Login via GST Registered Account
This approach requires you to log into your GST account. Instead of selecting "Payment" option in Step 1 of GST online payment method outlined above, you log in to your GST account. login page appears as follows:
After inputting your GST account credentials, you will be entered into your GST account, which includes dashboard view & option to "Create Challan" accessible under "Services" menu.
Same page also includes related links like "Challan History," which displays list of all previously produced & paid GST Payment Challans. other option, "Saved Challans," provides list of challans that taxpayer has stored for future reference & may still be owed.
"Create Challan" option will take you to following page:
To create new GST Challan for payment of dues, enter relevant information & click "Generate Challan". On same page, you may select format for GST online payment (E-Payment vi debit card/net banking or NEFT/RTGS) or offline (over counter).
How to Track GST Payment Status per Challan?
Tracking GST Payment Status is now easier than ever, with direct link to "Track Payment Status" accessible right below Services > Payments button on GST website homepage, as illustrated below:
When you click "Track Payment Status" link, following screen is displayed:
After entering your GSTIN & CPIN from previously paid GST challan, payment's current status will be shown.
Conclusion
This article has covered various significant aspects of GST payment, including payment modalities & GST refunds, among other things. According to GST payment requirements, if person files GST Monthly Return without paying applicable tax, return is declared null & void. As result, making GST payments is essential for receiving GST refunds.
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Frequently Asked Questions
You have multiple convenient options to pay GST in India:
Online: This is preferred method. You can log in to GST portal & generate challan (payment slip). Choose from various online payment methods like internet banking, debit card, or credit card.
Offline: For offline payments, you can generate challan on GST portal & then visit bank authorized to accept GST deposits. Make payment using cash, cheque, or NEFT/RTGS.
Deadline for GST payment depends on your GST filing frequency:
Regular Taxpayers: For businesses filing monthly returns (GSTR-3B), due date is generally 20th of following month.
Composition Taxpayers: Businesses opting for composition scheme typically file quarterly returns & have later due date, as specified by GST authorities.
Here's how to pay GST through your bank using offline method:
Generate challan on GST portal.
Download & print copy of challan.
Visit bank authorized to collect GST payments.
Submit printed challan along with your payment (cash, cheque, or NEFT/RTGS details).
Remember, for NEFT/RTGS payments, you'll need to link Unique Transaction Number (UTR) with challan on GST portal later for successful registration.