GST Payment Online – How to Pay GST Tax Online?
- Blog|GST & Customs|
- 2 Min Read
- By Taxmann
- Last Updated on 28 November, 2023
This is payable when making an inter-State supply (payable to the Centre).
This is payable if the supply is made within State (payable to the State).
Who Should Pay the GST?
Typically, suppliers of goods & services are required to pay the Goods and Services Tax (GST). But, in certain cases, the recipients must pay the GST in accordance with the reverse charging mechanism in case of notified goods and services. In many other cases, GST is payable by the 3rd person, i.e., the government authority that takes the responsibility of TDS.
When is a taxable individual liable to make GST payments?
A taxable individual is liable to pay GST while supplying the goods as mentioned within Section 12 and while supplying services as elaborated in Section 13. The payments are made in accordance with receiving of payment, issuing of invoice or the fulfilment of supply, whichever event takes place earlier.
Primary Features of Goods & Service Tax Payment Procedure:
The features of the payment process within the GST system are as following:
- Payers must electronically generate challan via the GSTN Portal, irrespective of the payment mode they choose.
- Providing taxpayers with the facility to make tax payments through any modes or methods.
- Hassle-free online payment facility.
- Logically collecting the tax data in the electronically created format.
- Quick remittance of taxation revenues within the account of the government.
- Paperless payments & transactions.
- Speedy reporting and accounting.
- Reconciling all the receipts electronically.
- Simplifying processes for banks.
- Storing digital challans in warehouse.
The Process of Making GST Payments:
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