In India, there are many types of taxes, such as CGST, SGST, and IGST, under the goods and services tax (GST) regime. As an Indian citizen, you must pay the challans for these taxes if your tax liability exceeds your input tax credit.
For instance, merchants must pay the GST challan on their customers' sales tax. Failing to pay this tax can get you a fine of up to ₹5,000.
Now there are many ways to pay the GST challan. But making the GST payment challan online is the most convenient.
Different Categories of TaxPayers in India
There can be many types of taxpayers. So, it is crucial to understand which category you belong to before making the GST challan payment online.
- Regular Taxpayer: The mandatory GST payment challan is the PMT 06 challan for a regular taxpayer. Such taxpayers will have to file the GSTR-3B form.
- Quarterly Taxpayer: These taxpayers fall under the Quarterly Returns Monthly Payment (QRMP) scheme of GST.
- Nil GST Returns Taxpayer: If taxpayers have zero tax payable due to their purchases equalling or exceeding their sales, they need to file the GSTR-3B form. However, there is no requirement for the GST payment challan for that tax period.
- Composition Taxable People: The composition scheme includes taxpayers with a turnover below Rs. 1.5 crore. For people residing in Himachal Pradesh and North-Eastern regions, the amount is Rs.75 lakh. These types of taxpayers need to fill out the GST challan CM-08 to pay their taxes.
Steps to Pay GST Payment Challan Online
Now, let's look at the different ways of making the GST challan payment online.
Online Payment via Netbanking
- Visit the official GST portal and log in to www.gst.gov.in.
- Provide your valid credentials (username and password) to log in.
- Click on the services and go to the Payments option.
- Click on the 'Create Challan' option and enter your details.
- Select the payment mode and then choose E-Payment.
- Click to generate the GST Challan button after filling in all the details.
- Now choose Net Banking as your preferred method.
- Choose your respective bank and click the checkbox for ‘Terms and Conditions’.
- Now, click the payment button and check the status.
- If it says 'Paid', you have successfully paid your GST challan.
Online Payment via NEFT / RTGS
The process of making the GST challan payment online via Real Time Gross Settlement (RTGS) or National Electronic Fund Transfer (NEFT) is similar.
- Visit the GST portal and go to Payments, as mentioned in the above section.
- Instead of selecting the saved challan option from payments, click on the challan number (CPIN) to download it.
- Enter the beneficiary's details (account number and IFSC code) mentioned in the challan on your bank's website or app.
- Once the adding process is successful, transfer the challan amount to the beneficiary.
- Payment can be reflected within two to three working hours.
- Once it is completed, download the challan from the challan history on the GST portal.
Conclusion
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Frequently Asked Questions
- Can I make a GST payment through a physical challan?
No, you can only make GST challan payment online. Generating the challan through the official GST portal is recommended by visiting the website: www.gst.gov.in.
- What are the modes of paying GST liability?
You can deposit your challan payment through various modes in the electronic cash ledger. E-payment methods like Internet banking, Real Time Gross Settlement (RTGS), and National Electronic Fund Transfer (NEFT) are recommended.
