GST Payment Online – How to Pay GST Online?

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GST Payment Online – How to Pay GST Online?

GST payment can be done through both online and offline methods. In this article, we will discuss how to pay GST online.
To pay GST online, you will need to have a GST-registered account on the GST portal. There are a few other factors like the type of taxpayer you are and the liability amount that can influence the process of paying GST online. We will elaborate on all this in this article.

Who is liable to pay GST?

All businesses that supply taxable goods and services and have a GST registration are liable to pay GST. This means that if your business has a turnover of more than Rs 20 lakhs in the case of service-based businesses and Rs 40 lakhs in the case of product-based businesses, you must obtain a GST registration.
However, businesses in the special category states of Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, and Uttarakhand have lower turnover limits: Rs 10 lakhs for service-based businesses and Rs 20 lakhs for product-based businesses.

Types of Taxpayers

Monthly Taxpayers

For monthly taxpayers, the GST payment comes due on the 20th of every month. The GSTR-1 for the previous month is to be filed by the 11th of the current month.

Quarterly Taxpayers

Quarterly taxpayers have to file their GSTR-1 returns quarterly and make payments every month. The payment  is to be made by the 22nd or 24th day of the next month.

Taxpayers doing a NIL filing

NIL taxpayers don't have to make any GST payments as they don't carry out any taxable transactions.

How to make GST payments online?

GST payments can be made online through the GST portal using any one of the three options:

  • Net banking
  • NEFT/RTGS

How to pay GST online?

Paying GST online is a pretty simple process. Just follow the steps below.
Step 1: Visit the GST portal and log in to your account using your user ID, password, and captcha code.
Step 2: Once you are logged in, you will need to go to Services > Payments > Create Challan
Step 3: You will then be redirected to a new page where you can generate challans for different payments.
Step 4: Select the correct reason for the challan depending on the type of payment you want to make.
Step 5: Enter the required information (CGST, SGST and IGST amounts) and mode of payment in the challan form and click on the PROCEED button. The total amount will be auto-populated in the challan.
Step 6: You will then be redirected to a page where you can review the information you have entered. Once you have reviewed and verified the information, click on the CONFIRM button.
Step 7: Click on the DOWNLOAD button to download the challan in PDF format.
You can then make the payment through any of the three payment modes: net banking,or NEFT/RTGS.
Step 8: You will then be redirected to the payment page, where you can select your preferred mode of payment. Enter the payment details correctly and click on the PAY button.
Step 9: After you have made the payment, save and print the receipt for future reference.

This is how you can make GST payments online. The process is pretty straightforward. Just make sure you have all the required information handy before you start the payment process.
If you are still not clear or you want professionals to handle your GST returns and payments without hassle, contact us. Our team of experts will put an end to your GST vows and get them done on time and to perfection.

Penalty for Late Payment of GST

If you fail to make the GST payment on time, you will be liable to pay an interest of 18% on the liable amount.
In case you don’t file GSTR-3B on or before the due date, the late fee is Rs.50 per day (CGST-Rs.25 and SGST-Rs.25) subject to the maximum of Rs.2000. However, late fee for NIL return is Rs.20 per day (CGST-RS.10 and SGST-RS.10) subject to the maximum of Rs.500.
In case you don't file your annual GST return on time, you will have to pay a late filing fee of Rs 200 per day (Rs 100 per day for CGST and Rs 100 per day for SGST/IGST). This late fee is also capped at 0.5% (CGST-0.25% and SGST-0.25%) of the turnover in the state.
Please note that these late fees are levied from the date on which the return is due till the date of return filing.


Author : Nivetha

Date     : 05-Jul-2022


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