GST Payment Online - How to Pay GST Online?

Posted by Ananya Nair on February 4th, 2020

What are the types of GST Payments under the GST regime?

Under the GST regime, there are many types of GST payment and they are:

Where in the taxpayer is required to pay CGST that is going into the Central Government Account and SGST/UTGST that is going into the account of the concerned Union Territory or State?

In this type of supply, the taxpayer is required to pay IGST so that you can have elements of SGST/ CGST and GST payment received without delay remits to the Central Government of India account.

Who is required to pay GST online?

Generally, all providers providing GST Number are required to pay GST online. However, there are some cases in which the beneficiary is required to pay GST online together with imports and other notified supplies. This kind of supplies is called reverse charge supplies. Moreover, there are some cases where the liability to pay is on the third person, the common example of such supplies are TCS or Government Department responsible for TDS.

You can check out our GST webpage here — GST Return Filing

When does GST payment need to be made?

As per section 12 and 13 of the GST Act, the taxpayer is needed to pay GST on goods or services at the time of their supply. The supply time as per the GST Act is usually the earliest of the three suppliers, receiving payment, issuance of invoice or completion of supply.

Process of GST payment online

Here is a step-by-step process that will help you make GST payment online-

Step 1 - Login to the GST Portal (www.gst.gov.in). Enter valid your username, password, and Captcha code.

Step 2 - Once you log in go to Services > Choose Payment option > Creating Challan.

Step 3 - Enter the amounts and choose the method of payment i.e. e-payment through internet banking and credit/debit card, over the counter or NEFT/RTGS. Once all the details have been furnished, click on the Generate Challan button.

Step 4 - After clicking on the Generate Challan button a challan will make receiving all the details of taxes. Once you make GST online Payment the amount paid will reflect into the cash ledger of the taxpayer.

In case you need assistance with the GST Registration or GST Cancellation you can arrange a call from FinacBooks business advisors at 8800221252.