We have already covered several articles explaining GST as well as how to avail the various services related to the Goods and Services Tax (GST) taxation system online from the GST portal/website launched by the government of India. Thus, in a nutshell, a Goods and Services Tax (GST) is basically an indirect tax that is levied to individual persons (including transporters) and businesses that make annual turnover which is much higher than the threshold mandated under the newly revised GST Act, 2017. In the case of transporters who move goods (that are worth more than Rs. 50,000) from one location to another also fall in the new GST regulations.
In this article, we are going to provide you a step-by-step guide on how to pay GST online.
When To Pay GST Online
A taxable person is liable to make GST payments online in cases where an individual supplies goods/commodities (as mentioned in Section 12 of the GST Act, 2017) and when rendering services (as mentioned in Section 13 of the GST Act, 2017). The payments are thus, made in regards to the receipt of payments, issuance of invoice or fulfillment of supply, whichever takes place earlier.
There are certain situations where the recipient of goods, such as imports and other notified supplies, is required to make GST payments online. Such types of supplies are also commonly known as reverse charge supplies. In addition, there are also situations where the liability to be pay tax is on the third-person. The common examples of such supplies are TDS and TCS, respectively.
According to the regulations laid under the newly revised GST Act, 2017, the taxpayer is required to pay GST on goods or services at the time of the supply. The supply time as per the GST Act is generally the earliest of the following:
- Issuance of invoice
- Receiving payment
- Completion of supply
Step-by-Step Guide for GST Payment Online Process
A taxpayer can quickly make GST payments online electronically via Internet banking (also called net banking), such as an IMPS, RTGS or NEFT transfer, or by using a Credit/Debit card. There is also an offline payment medium that can be done over the counter, for which a taxpayer must visit the taxation department or branch physically. The latter option is usually preferable for taxpayers who do not have access to the Internet and/or E-payment services, such as net banking.
Given below is a step-by-step procedure on how to make GST payment online on the GST portal.
- Open a web browser and go to the website/portal https://gst.gov.in.
Note: Web browsers supported are Firefox, Chrome, Edge, and Safari.
- Click the Login button on the page, enter your username and password, verify the Captcha code, then click the Login button to proceed.
- You will be redirected to your Dashboard, from where you can access various services related to Goods and Services Tax (GST).
- On the Dashboard, click the Services menu at the top, click Payments and click again on the Create Challan option.
- You will have the page displayed where you can create challan. Here, enter your desired amount of payment, then select the mode of GST payment.
Note: You will be provided with three payment modes through which you can make GST payment online. These different GST payment modes are:
- E-payment through Internet banking and Credit/Debit card
- Over the Counter payment
If you select the ‘Over the Counter’ method of payment, there is a limit of Rs. 10,000 per challan.
- After you have provided all the required details, click the Generate Challan button.
- The process will automatically generate the required challan for you which contains all the necessary details of taxes.
- You can now make the GST payment online (or offline) and the amount paid will reflect on the cash ledger of the taxpayer.
These are all the steps you need in order to successfully make your GST payment online on the official government GST portal.