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GST Payment Online – How to Pay GST Online?
GST payments can be made
online or offline. Businesses need to calculate the tax payable in cash after
adjusting the available input tax credit. Once calculated, they must generate a
GST challan to make the payment of the GST liability. This guide outlines the
step-by-step process for making GST payments on the GST portal.
Contents
- What is GST payment?
- Which Mode of GST Payment Should Taxpayers
Choose?
- How to Make GST Payments Online?
- How to Generate GST Challan after Logging in to
the GST Portal?
- GST Payments for Different Taxpayers
- Who is Required to Make GST Payments?
- What are the Essential GST Payment Forms?
- FAQ
on GST Payment
What
is GST payment?
Taxpayers engaged in
supplying goods or services are mandated to settle GST payments when their
output tax liability surpasses their input tax liability. The online GST portal
streamlines this process by enabling taxpayers to generate GST challans, facilitating
payments via diverse online channels.
Which
Mode of GST Payment Should Taxpayers Choose?
Businesses can choose
either online or offline mode to make the GST payment while generating the GST
challan in PMT-06. The choice of GST payment method depends on factors such as
the time available to file the return before the due date, convenience, and the
preferred banking partner.
Here are the modes of
GST payment available on the GST portal:
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
Make GST Payments Online?
Generate Challan Without
Logging in to the Portal
Follow the steps
mentioned below to make GST payment online:
Step
1. On the GST portal
homepage, go to Services > Payments > Create Challan.
Step 2. Enter your GSTIN, temporary user ID, tax return preparer ID, or UN body ID.
Fill in the captcha code
to proceed.
Step
3. Specify the
amounts for CGST, SGST, IGST, or other applicable tax heads. Select the desired
payment mode and provide bank details, if required.
Step
4. Re-enter the GSTIN
or other ID in the Challan Generation field and click PROCEED.
Step
5. Click on the DOWNLOAD button to save the
generated challan for your records.
How to
Generate GST Challan after Logging in to the GST Portal?
If a taxpayer chooses to
generate a challan after logging in, they can locate the "Create
Challan" button directly on their dashboard. The subsequent steps to fill
in the required details and generate the challan remain unchanged from the
pre-login process.
To proceed, the taxpayer
must enter the amounts under the respective tax heads and select the preferred
payment mode.
GST Payments
for Different Taxpayers
GST payment for all
taxpayers generally remains same. Though, there is a condition as per which if
there is no sufficient cash balance, then the taxpayer must use a challan for
depositing money into the cash ledger, using prescribed modes of payment and not
the GST payment.
Regular Taxpayer
Regular taxpayer should
use PMT-06 challan for making any GST payment towards the electronic cash
ledger, around the time of filing GSTR-3B.
Quarterly Taxpayer
Taxpayers opted for QRMP
scheme under GST must deposit tax in the first two months of a quarter directly
using the PMT-6 and make payment while filing GSTR-3B for the last month (3rd
month) of the quarter. The tax payments must be made by the 25th of next month
for the first and second month of the quarter, i.e., for example, January and
February for Jan-Mar 2021 quarter.
Taxpayers filing Nil GST
returns
Taxpayers having no
sales or purchase or tax payable for the relevant tax period, either for the
month or quarter.
Composition taxable
persons
These taxpayers have to
summarise their sales/turnover details for the quarter in challan CMP-08 and
make payment of tax.
Who is
Required to Make GST Payments?
Registered Businesses
and Individuals
- Any business or individual registered under
GST is required to make payments, either monthly or quarterly, depending
on their filing schedule.
- Regular taxpayers under GST must file returns
(GSTR-3B and GSTR-1) and pay the tax amount due on sales or services.
Businesses with an
Annual Turnover Above Threshold Limits
- Businesses in India with an annual aggregate
turnover exceeding ₹20 lakh (₹10 lakh for specific states) must register
for GST and are thus liable for GST payments.
- For service providers, the threshold is
generally ₹20 lakh, while for goods suppliers, it’s ₹40 lakh in most
states.
Casual Taxable Persons
and Non-Resident Taxable Persons
- Casual taxable persons (those who supply
goods/services occasionally) and non-resident taxable persons (foreign
businesses making supplies in India) are required to register and pay GST,
even if their turnover is below the threshold.
Input Service Distributors
(ISD)
- ISDs, who distribute input tax credits to
their branches, need to pay GST on the distribution of credits to various
business locations.
Composition Scheme
Dealers
|
Sr. no. |
Form no. |
Short description |
Purpose |
|
1 |
GST PMT-01 |
Electronic tax liability register |
Any tax, interest, penalty, late fee, or any
other amount will be debited to this register |
|
2 |
GST PMT-02 |
Electronic credit ledger |
Every claim of ITC shall be credited to this
ledger |
|
3 |
GST PMT-03 |
Refund to be recredited |
Refund if rejected the amount debited from the
electronic credit ledger or electronic cash ledger, as the case may be, will
be recredited by order of a proper officer |
|
4 |
GST PMT-04 |
Discrepancy in electronic credit ledger |
Discrepancy in electronic credit ledger,
communicated to an officer through this form |
|
5 |
GST PMT-05 |
Electronic cash ledger |
Any tax, interest, penalty, late fee, or any
other amount to be deposited in cash are credited to this ledger |
|
6 |
GST PMT-06 |
Challan for deposit of tax |
Generate and pay a challan |
|
7 |
GST PMT-07 |
Application for intimating discrepancy relating
to payment |
The application is meant for the tax payer where
the amount intended to be paid is debited from his account but CIN has not
been conveyed by bank to Common Portal or CIN has been generated but not
reported by concerned bank (within 24 hours of debit)” |
- Dealers under the GST composition scheme pay a
fixed percentage of their turnover as GST. However, they are restricted
from collecting GST on sales.
E-commerce Operators
- E-commerce operators responsible for
collecting tax at source (TCS) for sales made through their platforms are
required to file GST returns and make payments on behalf of sellers.
Reverse Charge Mechanism
(RCM)
- Under RCM, the recipient of goods or services
must pay GST if they receive goods or services from an unregistered
supplier or specific services notified by the government.
What
are the Essential GST Payment Forms?
Filing a GST return and
being compliant with the GST laws can be challenging, especially for those new
to the process. To ensure accuracy and avoid mistakes, it's advisable to
consult professionals.
GST Kendall Providing Servicess
1.Bookkeeping
2.GST Filing
3.TDS Filing
4.Incometax Filing
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