How to Pay GST Online? – GST Payment Online

The introduction of the Goods and Services Tax (GST) has revolutionized the taxation system in India – making it more streamlined and simplified. With the advancements in technology, the government has made it easier for taxpayers to comply with GST provisions by enabling online GST payment facilities. In this comprehensive guide, we will explain How to Pay GST Online? – GST Payment Online, step-by-step.

GST Payment Process Overview

The process of paying GST online involves the following steps:

1. Login to the GST Portal
2. Create a GST Challan
3. Make the GST Payment Online
4. Download the GST Payment Receipt

Before we delve into the step-by-step process, let’s understand the prerequisites for making a GST payment online.

Prerequisites for GST Payment Online

Before you can pay GST online, you need to ensure that the following prerequisites are in place:

1. GST Registration: You must have a valid GSTIN (Goods and Services Tax Identification Number) and be registered on the GST portal.
2. Internet Connectivity: Since the entire process is online, you need to have a stable internet connection to access the GST portal.
3. Bank Account: You need a bank account linked to the GST portal for making online GST payments.
4. Tax Liability Details: Before creating a GST challan, you need to have an accurate understanding of your tax liabilities under CGST, SGST, IGST, and cess.

With these prerequisites in place, you can proceed to create a GST challan and make your GST payment online.

Creating a GST Challan

A GST challan is an official document generated on the GST portal, which contains the details of the tax amount to be paid. Follow these steps to create a GST challan:

1. Visit the GST portal at www.gst.gov.in
2. Click on the ‘Services’ tab, then select ‘Payments’ and click on ‘Create Challan.’
3. Enter your GSTIN and click on ‘Generate OTP.’ You will receive an OTP on your registered mobile number and email ID. Enter the OTP and click ‘Verify OTP.’
4. Fill in the details of your tax liabilities under CGST, SGST, IGST, and cess. Ensure that the amounts are entered correctly.
5. Select the preferred mode of payment – e-payment, over-the-counter, or NEFT/RTGS.
6. Click on ‘Generate Challan’ to create your GST challan. The challan will display a 14-digit CPIN (Common Portal Identification Number) and a QR code for offline payments.

Modes of GST Payment Online

There are three primary modes of GST payment online:

1. E-Payment: You can use internet banking, credit cards, or debit cards to make GST payments directly through the GST portal.
2. NEFT/RTGS: You can also pay GST through National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS) from any bank.
3. Over-the-Counter (OTC): For payments up to INR 10,000, you can visit a bank’s authorized branch and make the GST payment using the generated challan.

Offline GST Payment

Taxpayers who are unable to pay GST online can opt for offline payment using the generated GST challan. To make an offline GST payment, follow these steps:

1. Take a printout of the generated GST challan with the QR code.
2. Visit an authorized bank branch with the printed challan.
3. Fill in the required details, such as your name, GSTIN, address, and tax amount.
4. Submit the challan and make the payment in cash, cheque, or demand draft.
5. Collect the stamped counterfoil of the challan as proof of payment.

GST Payment Status and Receipt

After making the GST payment online or offline, you can check the status of your payment and download the payment receipt. Here’s how:

1. Visit the GST portal and log in with your credentials.
2. Click on the ‘Services’ tab, then select ‘Payments’ and click on ‘Track Payment Status.’
3. Enter your CPIN or GSTIN and click on ‘Track Status.’
4. The payment status will be displayed on the screen. If the payment is successful, you can download the payment receipt for your records.

Rectifying Errors in GST Payment

If you have made an error in your GST payment, such as entering the wrong tax amount or selecting the wrong tax head, you can rectify the error using the following methods:

1. Refund Application: If you have overpaid your GST, you can file a refund application on the GST portal.
2. Adjustment in the Next Tax Period: In case of underpayment or wrong tax head selection, you can make the necessary adjustments in your next tax period’s GST payment.

Interest and Late Fees

If you fail to pay your GST on time, you will be liable to pay interest and late fees. The interest rate for late payment of GST is 18% per annum, calculated from the day after the due date until the date of payment. Late fees for delayed filing of GST returns are INR 100 per day for CGST and INR 100 per day for SGST, subject to a maximum of INR 5,000.

Refund of Excess GST Payment

If you have made an excess GST payment, you can claim a refund by filing an application on the GST portal. Follow these steps to file a refund application:

1. Visit the GST portal and log in with your credentials.
2. Click on the ‘Services’ tab, then select ‘Refunds’ and click on ‘Application for Refund.’
3. Fill in the required details and upload the necessary documents.
4. Submit the application and track its status on the portal.

GST Payment FAQs

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