For easy payment of GST after availing of ITC can make a GST payment either online or offline through electronic cash ledger.
Before paying we need generate a GST challan either before or after logging into the GST portal or while filing the GST return.
Once the payment challan is generated, payment can be made by internet banking, credit/debit card, NEFT or cash payment at designated banks. In this article, we look at the procedure for creating GST payment challan and making GST payment.
GST Payments Modes:
GST payments can be made through the following modes:
- Internet Banking through authorised banks;
- Credit card or Debit card through the authorised bank;
- National Electronic Fund Transfer or Real Time Gross Settlement from any bank; or
- Over the Counter payment through authorised banks for deposits up to ten thousand rupees per challan per tax period, by cash, cheque or demand draft.
Authorised Banks For GST Payments:
The following banks have been authorised to accept GST payments by the Taxpayer. Taxpayers can generate a GST payment challan through GST PMT-06 and proceed to one of the following banks for payment of GST by cash, cheque or DD.
- ALLAHABAD BANK
- ANDHRA BANK
- AXIS BANK
- BANK OF BARODA
- BANK OF INDIA
- BANK OF MAHARASHTRA
- CANARA BANK
- CENTRAL BANK OF INDIA
- CORPORATION BANK
- DENA BANK
- HDFC BANK
- ICICI BANK LIMITED
- IDBI BANK
- INDIAN BANK
- INDIAN OVERSEAS BANK
- JAMMU AND KASHMIR BANK LIMITED
- ORIENTAL BANK OF COMMERCE
- PUNJAB AND SIND BANK
- PUNJAB NATIONAL BANK
- STATE BANK OF INDIA
- SYNDICATE BANK
- UCO BANK
- UNION BANK OF INDIA
- UNITED BANK OF INDIA
- VIJAYA BANK
GST payment for Regular Taxpayer:
- In Regular Taxpayer for making payment of GST by using the PMT-06 challan for making any GST payment towards the electronic cash ledger, at the time of filing GSTR-3B.
- The details there of will appear in GSTR-3B. Further, they can create a challan and pay towards it either before login or after login or while filing GSTR-3B returns.
GST payment for Quarterly Taxpayer:
- These taxpayers are those who have opted into the QRMP (Quarterly Return Monthly Payment) scheme under GST.
- They 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.
Composition taxable persons:
These taxpayers have to summarise their sales/turnover details for the quarter in challan CMP-08 and make payment of tax.
Generate GST Payment Challan Without Logging to Portal
Step 1: On the GST portal’s homepage, navigate to the Services > Payments > Create Challan option.
Step 2: Enter the GSTIN or the ID of a temporary user or tax return preparer or UN body. Enter the captcha code.
Step 3: Enter amounts for CGST, SGST, IGST or other heads, as applicable. Thereafter, choose the relevant payment mode with bank details if applicable.
Step 4: Re-enter the GSTIN/Other ID for the Challan Generation field and click on the ‘PROCEED’ button.
Step 5: Click on the ‘DOWNLOAD’ button to download the challan that is generated.
Generate GST Challan After Logging to Portal:
If a taxpayer chooses to generate challan after logging in, he can find the button to create challan on your dashboard itself. The rest of the steps to fill and generate challan remains the same.
For that, he must enter the amounts in respective heads and choose the desired payment mode.
Time limit to finish GST Payment:
- The time limit available for completing the GST payment must be considered from the challan generation date.
- Payment must be completed immediately in case of pre-login challan creation for net-banking mode.
- This will be 15 days where an offline mode is chosen. At the time of entering the details for challan generation, the following must be ensured:
Steps to complete GST payment at a later date?
Step 1: Log in to the GST portal and go to the Services > Payments > Challan history.
Step 2: Click on the hyperlink against the appropriate CPIN listed down
Further, select the right bank from the list of banks displayed for card payment or net banking and finish the payment.
Receipt gets generated with CIN upon successful payment. The electronic cash ledger gets updated immediately.
To complete the payment later on against a challan earlier generated, in case of payment either through net banking
Here is a step-by-step guide that will help you make the GST payment with ease:
(1) To complete the payment later on against a challan earlier generated, in case of payment either through net banking
Step 1: Log in to the GST portal and go to the Services > Payments > Challan history.
Step 2: Click on the hyperlink against the appropriate CPIN listed down
Step 3: Further, select the right bank from the list of banks displayed for card payment or net banking and finish the payment.
Step 4: Receipt gets generated with CIN upon successful payment. The electronic cash ledger gets updated immediately.
