The one whose income comes under tax eligibility has to pay the tax every month and now as the GST is newly launched into the tax payments, everyone are aware that the registered regular tax payer has to furnish GST returns. GST returns has to be furnished on a monthly basis and pay the tax due by the 20th of the month else interest on the tax due will be applicable from the day on which the tax was due to be paid. The return furnished will be considered as an Invalid Return if an individual furnishes a monthly return without paying the tax due. It is necessary to understand how to pay the tax liabilities under GST in order to avoid the penalties of non-payment of tax. Below content helps you to know about the payment of GST. GST Tax Payment should pay by the businessman i.e merchants, hotels, retailers, restaurant owners and etc those who have GST number which is provided by government should pay by due dates.
If You Have Any Queries/ Doubts/ Questions can Call to GST Customer Care Number here
How To Pay GST Tax Online? – Pay GST Through GST Login Portal Using Debit/ Credit Cards & NetBanking
GST Login :As the payment methods these days became digital the payment of GST also became digital and easy, more efficiency. The Joint Committee on Business Process of GST has issued a report on “GST PAYMENT PROCESS”. The report has dealt with the issues like, GST tax collection, Uniform system of banking arrangements, Format of Challan of GST, accounting procedure for central and state Govt. for GST.
Payment of Challans can be dealt in two ways, one is for payment of GST and other is for payment of non-GST taxes, where the proposed Payment process should have following features:
- Use of only electronically generated Challan.
- Anytime, anywhere mode of payment of taxes.
- Online payment of taxes
- Minimum and logical tax collection data
- Faster remittance of revenue to the Government
- Paperless transactions
- Speedy Accounting and reporting
- Electronic reconciliation of payment receipts
- Simplified procedure by banks
- Data base of Digital Challans
How to Pay GST Tax Online?
GST payment can be made in three different ways which are proposed and it is mandatory for a registered regular tax payer has to furnish GST returns. The GST (Goods and services Tax) can be made through Internet banking and debit/credit cards of authorized banks, over the counter payment through authorized banks, there is a limit of Rs. 10,000/- per Challan, for over the counter payment through authorized banks and Payment through NEFT/RTGS from any bank.
Internet banking and debit/credit cards of authorized banks:
With increasing speed of internet and electronic communication, this mode has emerged as one of the preferred modes of tax payment for both the taxpayers and administrators and also it is easy way of payment where user can be satisfied, can have find more accurate. Find the steps below to pay using Internet banking and debit/credit cards of authorized banks.
Step 1: Log in to the website of GST or there is an option to pay taxes without logging in
Step 2: If user is a registered user then there is need of filling the basic details where the new users have to fill without logging in.
Step 3: Fill the tax details.
Step 4: User can save the Challan and fill the details later which can be edited later before submitting.
Step 5: After submitting user should pay the tax after generating the Challan where Challan will have 14-digit unique code (CPIN) to identify it.
Step 6: Find two ways of payment; one is where user can pay the taxes immediately or the Challan can be used for 7 days (for mode 1 & 2 payments) or 30 days (for mode 3 payments).
Step 7: After the final payment, a three digit bank code will get added to CPIN after where the CPIN (17 digit code) will get converted to CIN (17 digit code)
Step 8: User can find the payment receipt and also a copy of paid Challan
Step 9: Save the Challan/take a print out for further use.
Over the counter payment through authorized banks:
User should follow the above mentioned five steps if payment made by Internet banking and debit/credit cards of authorized banks to generate the Challan. Later the Challan should be submitted with the various authorized banks where he need to pay the amount.
Payment through NEFT/RTGS from any bank:
User should follow the above mentioned five steps if payment made by Internet banking and debit/credit cards of authorized banks to generate the Challan. Later user will have log in to their bank account and make the payment using the CPIN number by NEFT/RTGS. User can find the CPIN number on the generated Challan.
Challan correction mechanism:
What if the user make mistakes while generating the Challans, generally the user face difficulties when some error is made by them in choosing the wrong section for payment or furnishing wrong details like assessment year etc. Correcting those mistakes can be done in simple way.
- Error in goods and service tax identification number (GSTIN): This kind of errors can be expected to have from the side of representative (like CA) paying tax on behalf of taxpayer. Tax payers can directly pay the tax by logging in the GST portal where they can provide their details and chances of wrong GSTIN are zero. If a representative pay on behalf of taxpayer from GST website without logging in. There is no correction mechanism provided for this type of error.
- Error in major heads: GST is divided between central and state governments so right head should be mentioned in the Challan. Banks to rectify such errors before the end of the day during which the amount has been received by the bank.
- Error in total amount: In this type of error no correction mechanism in the Challan is needed. For suppose the user has paid the excess amount than the actual amount to be paid by mistakenly, then user can get the excess amount paid by refunding or credit forward of the excess paid amount.
A generated Challan will be valid for fifteen days after its generation and thereafter it will be purged from the System. However, the taxpayer can generate another Challan at his convenience.