GST Payment Process, Rules & Form – How to pay GST online?

April 07, 2020

6 min read

Every registered business and taxpayer is required to pay their taxes after setting off their Input Tax Credit (ITC). The person must furnish his/her taxes every month and make the payment before the 20^th. The payment of GST can also be done online and hence, is a sustained and constructive experience too.

Payment Rules:

If the payment of GST is not made before the due date, the person will be charged with interest from the date on which he/she was supposed to pay.
If the person furnishes GST monthly return without paying his/her tax due, it will be considered as an invalid return.

Payment Methods

E Banking
NEFT/RTGS
Over the Counter

E- Banking

The Indian government has prescribed three different ledgers that a taxpayer should maintain.

Heading	What It Does
Electronic tax liability register	It displays the total liability of the registered person during any particular time.
Electronic cash ledger	It shows the net deposit made by the taxpayer when he discharged his liability, interest or penalty.
Electronic credit ledger	It records all the payments done on the inputs.

Online Payment (Step By Step)

Login to www.gst.gov.in to access the GST portal.
- Click on services – payments – create challan option – enter you details.
- (If you have created the challan already) Click on services – payments – saved challan.
Select payment method – click on E- Payment.
Click on the generate challan option after filling in all the details.
Click on the Net Banking option under E- Payment
- Choose the bank with which you want to make the payment.
- Agree to all terms and conditions.
- Make the payment.
Once the payment is done, download the challan for future reference.

Offline Methods

NEFT/RTGS

After logging in, click on the NEFT/RTGS as your payment mode.
Once the Remitting Banks list appears select the bank of your choice.
Click on the generate challan option.
Print the challan and visit your bank. The mandate form will be generated simultaneously.
Make the payment in the bank with your cheque. You can also use the account transfer facility to make the payment.
The bank will process the transaction and the RBI will confirm it within 2 hours.
The payment will be updated in the Electronic Cash Ledger under its respective head.

Over The Counter

After logging in, click on the over the counter option as your payment method.
Select the bank from the drop list, where you are supposed to deposit.
Select the type of instrument, that is, cheque/ cash/ Demand draft.
Click on the generate challan option.
The challan will be generated.
Take a printout of the challan and visit your respective bank.
Make the payment with your instrument within its validity date.

GST Registration Forms

GST REG-01	Application for Registration
GST REG-02	Acknowledgement
GST REG-03	Notice for Seeking Additional Information / Clarification / Documents relating to Application for registration/amendments/cancellation
GST REG-04	Clarification/additional information/document for Registration/ Amendment / Cancellation
GST REG-05	Order of Rejection of Application for Registration / Amendment / Cancellation
GST REG-06	Registration Certificate
GST REG-07	Application for Registration as Tax Deductor at source (u/s 51) or Tax Collector at source (u/s 52)
GST REG-08	Order of Cancellation of Registration as Tax Deductor at source or Tax Collector at source
GST REG-09	Application for Registration of Non Resident Taxable Person
GST REG-10	Application for registration of person supplying online information and data base access or retrieval services from a place outside India to a person in India, other than a registered person
GST REG-11	Application for extension of registration period by casual / non- resident taxable person
GST REG-12	Order of Grant of Temporary Registration/ Suo Moto Registration
GST REG-13	Application/Form for grant of Unique Identity Number (UIN) to UN Bodies / Embassies /others
GST REG-14	Application for Amendment in Registration Particulars (For all types of registered persons)

GST REG-15	Order of Amendment
GST REG-16	Application for Cancellation of Registration
GST REG-17	Show Cause Notice for Cancellation of Registration
GST REG-18	Reply to the Show Cause Notice issued for Cancellation
GST REG-19	Order for Cancellation of Registration
GST REG-20	Order for dropping the proceedings for cancellation of registration
GST REG-21	Application for Revocation of Cancellation of Registration
GST REG-22	Order for revocation of cancellation of registration
GST REG-23	Show Cause Notice for rejection of application for revocation of cancellation of registration
GST REG-24	Reply to the notice for rejection of application for revocation of cancellation of registration
GST REG-25	Certificate of Provisional Registration
GST REG-26	Application for Enrolment of Existing Taxpayer
GST REG-27	Show Cause Notice for cancellation of provisional registration
GST REG-28	Order of cancellation of provisional registration
GST REG-29	Application for cancellation of provisional registration
GST REG-30	Form for Field Visit Report

Conclusion

In conclusion, GST process and payment are the key vitals to any business to remain in the race. It is essential for them to be aware of the formats, schemes, due dates etc. We are here to help making that experience smoother and faster, so that you can engage in your business hassle-free.

GST Payment Process, Rules & Form FAQs:

1. What is GST?

GST is an Indian indirect tax, introduced as a replacement for many other taxes in India. It was implemented on 1st July 2017.

2. What does GST stands for?

The full form of GST is Goods and Services Tax.

3. What does GST Composition scheme mean?

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be taken by any taxpayer whose turnover is less than Rs. 1.0 crores.

4. Where does GST money go?

The GST will be deposited to the Revenue department of the government. They will supervise the expenditure of that money.

5. When is GST paid?

The payment of GST should be made before the 20th of the following month, failing which interest will be charged.

6. Why is GST important?

GST aims to bring all the liabilities under one roof for the eliminating the confusion and excess effort faced by the taxpayers.

7. How to register on GST portal?

You can register on GST portal from their official website, which is, https://www.gst.gov.in

8. Why GST was introduced?

GST was introduced to mitigate the several state and central taxes that prevailed in the Indian economy and to establish a common national market.