GST Challan Payment: How to Make Payment Online
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Overview: GST Challan Payment Online

In the fast-paced digital age, even the world of taxation is embracing change. Making payments has become more convenient and efficient than ever before. To make things even simpler, eenter the world of online GST challan payments; a game-changer that not only simplifies the complex web of tax compliance and payments but also accelerates financial transactions.

Whether you're a business owner or an individual on a tax mission, mastering the art of GST challan payments is your golden ticket to efficient tax payments. It is therefore important to understand the steps to follow for GST payments.

To begin, for GST payments, one must first generate a GST payment Challan. The challan is generated online through the GST portal. This online process replaces the traditional manual methods by offering increased convenience, accuracy, and transparency.

Now you must think what exactly is a GST Challan?

GST challan is a receipt of payment that you get when you deposit cash in your GSTIN account on the GST portal for the payment of your Goods and Services Tax (GST). It shows how much you paid, how you paid, and other important details, making sure everything is clear and correct. Generating a GST challan is important as well as mandatory, as it helps both you and the government keep track of the money paid, making sure everything is accurate and transparent.


GST payments can be paid through:

  1. GST Challan Payment Online (Net banking)
  2. GST Challan Payment Online (Credit/Debit Card or UPI)
  3. GST Challan Payment through a bank branch (OTC/ NEFT/ RTGS)

1. Pay Online (Net Banking)

Net Banking is the easiest way by which individuals and businesses can make their GST challan payments. When it comes to challan payments, opting for online payment through net banking is the preferred choice. You can now optimize your GST net banking by adopting user-friendly channels like Kotak Net Banking for a simpler and smoother payment process.


Not sure as to how to pay your GST Challan online via Net banking? Here's a simple step-by-step guide:

Step 1: Log in to the GST portal with a valid login ID and password.

Step 2: Select the Service tab → the payments option, to generate GST Payment Challan. If you have already created challan then select the service → payment → Saved Challan.

Step 3: Select Payment mode as E-Payment.

Step 4: Enter all the details and select Generate challan.

Step 5: Select Net Banking such as a mode of payment and then choose the bank

Step 6: Select Make payment

Step 7: Once you make the payment, the payment status is shown as paid.

Step 8: You can also download the GST Payment Challan if required.

2. Pay Online (Credit/Debit Card or UPI)

When it comes to making GST challan payments, utilizing online payment methods such as credit/debit cards or UPI are simple and quick approaches for both individuals and businesses which also ensures a streamlined process. One can leverage user-friendly platforms like Kotak Net Banking, ensuring smooth transactions and added convenience.


Steps for Kotak Payment Gateway

Step 1: Log in to the online GST portal with a valid login ID and password.

Step 2: Select the Service tab → the payments option, to generate GST Payment Challan. If you have already created challan then select the service → payment → Saved Challan.

Step 3: Select Payment mode as E-Payment.

Step 4: Enter all the details and select Generate challan.

Step 5: Select Credit/Debit Card or UPI as a mode of payment and then choose Kotak Mahindra Bank

Step 6: Select Make payment

Step 7: Once you make the payment, the payment status is shown as paid.

Step 8: You can also download the GST Payment Challan if required.


3. Payment through a bank branch

For businesses or individuals seeking to make offline instead of online payment, GST Challan Payment can be made through a bank branch as well. Here's how payment through a bank (offline payments) can be made:

Step 1: Choose “Over the Counter” as the payment method under the “Payment Modes” tab.

Step 2: Choose the name of the bank where you plan to deposit the cash/instrument.

Step 3: Choose the kind of instrument - whether cash, check, or demand draft one is going to pay through

Step 4: Select "GENERATE CHALLAN" from the menu.

Step 5: It will then generate your challan, and you can print your GST Payment Challan.

Step 6: Visit the selected bank after printing the Challan.

Step 7: Pay with cash, a check, or a demand draft, within the challan’s validity period.

Step 8: The GST Portal will then update your status payment whenever it receives confirmation from the bank.


For GST Challan Payment through NEFT/RTGS (Offline), one can approach the bank branch and make the payment based on the following steps:

Step 1: Choose NEFT/RTGS as your payment method under the Payment Modes tab.

Step 2: Choose the remitting bank's name from the drop-down list.

Step 3: Click the Generate Challan Button.

Step 4: Take a printout of the Challan with you when you go to the chosen bank. The mandate form will be produced simultaneously.

Step 5: Cheques can be paid for using your account at the chosen Bank or Branch. You can also pay by using the ‘account transfer’ facility.

Step 6: The Bank will then process the transaction, after which the RBI will confirm it within two hours.

Step 7: The Electronic Cash Ledger will update the payment in the appropriate minor/major heads.


Conclusion

Embracing the digital age, online GST challan payment is a hassle-free solution, simplifying the process for taxpayers. With just a few clicks, individuals and businesses can fulfill their tax obligations, in a much convenient and efficient way, while contributing to a smoother taxation landscape. By following the step-by-step guide outlined in this article, taxpayers can navigate the process confidently and make their GST payments seamlessly.

To conclude, the transition to online GST challan payments has revolutionized the way businesses and taxpayers meet their tax obligations. This digital approach offers a multitude of advantages, making the process convenient, accurate, and transparent.

Kotak Mahindra Bank is an authorized bank to collect Goods & Services Tax (GST) through its digital integration with the GST portal. Individual and corporate customers can make end-to-end tax payments on this portal simply by selecting Kotak Net Banking as a payment option or pay using Credit Card/Debit Card or UPI of any bank via the Kotak Payment Gateway. Customers can also make GST payments through cash, cheque or DD by selecting “Over-the-Counter” mode of payment while creating a challan on the GSTN portal.

Frequently Asked Questions

1. Can I make a GST payment through a physical challan?

No, since the entire process of GST filing is online physical challans are accepted to pay GST. Payments can only be made using the challans produced on the official gst.gov.in website.

2.. What is the due date for payment of tax?

If you are registered under GST, then you are required to file all your returns in timely manner as prescribed in law. The liability to pay tax arises at the time of filing the respective returns. For a Regular GST registration the due date to file the GSTR-3B return is 20th of the following month, for e.g. due date for filing the GSTR-3B return for the month of January will be 20 February. Whereas, for composite suppliers / dealer’s quarterly returns are to be filed and the due date for filing these returns (CMP-08) and pay tax is the 18th of the month following the quarter of any given financial year.

3. Can a challan be edited or modified before making payment?

Challans once generated cannot be edited or modified, however, before initiating the payment new challan(s) can be created or the saved challan can be edited or altered.

 

“This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.”

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Disclaimer:
This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.