How To Make GST Payment Online? Step-By-Step Guide

Any business owner or self-employed professional involved in the acquisition or sale of goods and services must file GST returns (GSTR). If you fall into this group, you must pay GST in accordance with the GST filing timeline. GST payments can be made both online and offline. This article delves into a step-by-step guide for all sorts of GST taxpayers to complete their payments.

What is GST?

GST stands for Goods and Services Tax which is an indirect tax that has superseded numerous other indirect taxes in India, including excise duty, VAT, and service tax. GST is a comprehensive, multi-stage, destination-based tax that is levied on all value added.

Modes of GST payment –

Online payments
Net banking
Debit card/credit card
Immediate Payment Services (IMPS)
Unified Payment Interface (UPI)

Offline payments

Over the counter (Cheque/Demand Draft/Cash)
NEFT or RTGS

How to Generate a GST Challan?

GST challan can be generated on the GST portal with or without logging in to the portal. If the taxpayer decides to generate a challan before logging in, the steps are as follows:

Generate Challan Without Log in-

Visit homepage on the GST portal’s homepage
Go to Services then click on Payments
Now, click on Create Challans.
Enter details such as GSTIN or ID.
Enter the Captcha code.
Enter CGST, SGST or IGST
Select payment method and fill out bank details..
Now Enter the GSTIN/Other ID once again
Click the ‘PROCEED’ button.
Click download to get the generated challan.

Notes –

Online mode refers to payments made via internet banking.
The GST portal accepts payments from a pre-selected list of banks. They must select a bank and pay GST online using a card or net banking right away.
Once the payment is complete an computerized cash ledger is automatically generates. If the taxpayer generates a challan without logging in, he or she must guarantee that the payment is completed quickly.

Generate GST Challan after login-

If a taxpayer chooses to generate a challan after logging in, he will discover an option to do so on your dashboard.

For this, he must enter the amounts in the appropriate categories and select the preferred payment method.

How to pay GST offline?

GST payments can be made over the counter or through NEFT/RTGS.
Enter the bank details
Click ‘Generate challan’.
The CPIN is produced from the challan copy and preserved automatically. There is a time constraint of up to 15 days to complete payments through offline options.

Notes-

Offline payment alternatives include cheque, DD, cash, NEFT, and RTGS, all of which are optional.
In case a taxpayer bank is not listed in NetBanking these options can be used.
Once the payment is complete, taxpayer can take a printout.
Fill required details in the printout and submit it to the bank.
In case of over the counter banks might take a day or two to process. After that, the sums are updated in the computerized cash ledger.
Taxpayers can make payment upto 10000 using OTC. If the payable amount exceeds this limit, the taxpayer must use alternative payment methods.
The processes differ depending on whether the taxpayer picked RTGS/NEFT when producing the challan.
Once the payment is complete, taxpayer can a printout of challan
Fill required details in the printout and submit it to the bank.
After submitting,the bank processes it and provides a Unique Transaction Reference number.
This UTR number is required to be linked with the challan on the GST portal.
Now, the electronic cash ledger will be updated.

Disclaimer: The above information is for educational purposes and based on the latest research and development available. However, it may not fully reflect all the current aspects of the subject matter. Moneydaily.in advises readers to do their own research before making any decision.