Cash, Cheques or DD payment under GST, Goods and Service Tax

 

What is Goods and Service Tax (GST)

GST, frequently asked Questions

 

Process involved in Over the Counter payment of GST through authorized banks:

 

Cash, Cheques or DD payment under GST, Goods and Service Tax

 

Cash, Cheques or DD payment under GST, Goods and Service TaxEvery tax payer who wants to avail the facility of OTC payment (only for paying tax upto Rs. 10,000/- per challan), will access GSTN for generation of a challan through which payment is to be made.

 

Upon creation of the draft challan, the taxpayer will fill in the details of the taxes that are to be paid. From the available payment options, the taxpayer would select option of cheque, DD or cash based payment. The name of the authorized bank and its location (city/town/village) where the instrument/cash is to be presented is required to be filled in necessarily. No outstation cheques are to be accepted except those which are payable at par at all branches of bank having presence at that location. In case cheque or DD is selected as the mode of payment, entry of Instrument details is recommended, but not mandatory, as the taxpayer may not have the instrument ready at the time of challan generation. The tax payers can partially fill in the challan form and temporarily “save” the challan for completion at a later stage. A saved challan can be “edited” before finalization. After the tax payer has finalized the challan, he will generate the challan, for use of payment of taxes. The challan so generated will have a Unique Common Portal Identification Number (CPIN), assigned only when the challan is finally generated, that will help the portal and other authorities in identifying the challan. After the challan is generated, it will be frozen and will not be allowed to be modified. The CPIN / challan so generated would be valid for a period of seven days within which payment is to be tendered. GSTN will inform the challan details including validity period to the CBS (Core Banking System) of the selected bank on a real time basis.

 

Upon successful saving of the challan details, the challan will be available on the dashboard of the taxpayer in downloadable/printable form. So the taxpayer can either download the challan form and print it offline or can print the challan directly from GSTN. If the payment is made by cheque or DD, the challan itself would have a disclaimer that the payment is subject to realization of cheque or DD.

 

Related posts about International trade online training

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?


How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Different types of export containers
How to get GSP certificate of origin in India?
Types of export containers
Foreign Trade Policy of India 2015-20 

GST payments, list of Banks authorised in Centre and States

GST payment errors between GSTN and RBI

GST payments, claim of non delivery of service

Double payment error in GST tax payments

Payment of GST tax through fraudulent use

Issue of charge back in CC/DC Payment in GST payments

Challan Format of GST Tax payment

GST Tax payment, error in Total amount, How to solve?

GST Tax payment error in major head, how to solve?

GST Tax payment error in GSTIN

Challan Correction Mechanism under GST Tax payments

Recording by Tax Authorities on GST payments

GST Tax payments, communication between RBI,GST and Accounting authorities

GST tax paid but no SMS confirmation or credit in ledger

GST amount received in a tax head different from the one specified in the challan

Error in GST receipts under transaction reported to RBI

GST Tax receipts transaction reported by Bank to RBI but not to GSTN

Error in transaction between GST, authorized banks and RBI under GST tax collection

Communication between GSTN and RBI on GST tax reciepts

Discrepancy in GST tax payments by CPIN,GSTIN,CIN,NEFT/RTGS UTR and Challan amount

How to reduce errors in GST payments by IT system of authorized banks

The legs of communication of data under GST payments

Reconciliation of GST tax collection by Accounting Authorities

Reconciliation by GSTN on GST Tax collection

Process of BRN,CIN,CPIN by RBI and Government on GST fund transfer

Fundamental changes GST from existing Tax System

Reconciliation of Reciepts under GST Tax

GST tax accounting code for CGST,SGST,IGST and Additional Tax

Details of Challan for GST Tax payment

CGA suggestions under GST Tax system in India

Accounting system under GST Tax payments

How many major heads of accounts in GST Tax

Recommended instructions to bank for collecting GST Tax

GST collection Banks

Penalty for Erring Banks under GST Tax collection

GST Payment across departmental counter

The role of RBI under GST tax payments

Role of Branch of remitter bank under GST tax payments

Role to be played by each stakeholder under GST payments

Failure of matching CPIN under GST tax payments

Pooled GST account under GST tax payment

Validity of CPIN in GST Tax payments

CPIN and Account name under GST tax payment

Procedures of GST tax accepting bank

Co-ordination of GSTN with RBI on GST payments

The details of NEFT or RTGS form for GST payment

How to pay GST through NEFT RTGS

GST Payment through NEFT/RTGS from any bank (including other than authorized banks)

Functions of Branch of Authorized bank under GST Tax collection

Functions of Branch of Authorized bank under GST Tax collection

Mechanism of GST payment between GSTN and bank

GST payments of Cheque or DD from another bank

GST payment by Cash and same bank Cheque or DD

Validity period of Challan under GST tax payments

How many copies of challans for GST tax payment?

How does Bank work on GST tax payment?

How to pay GST tax through Bank?

Cash, Cheques or DD payment under GST, Goods and Service Tax

OTC system in GST tax payments

GST tax payment through Bank counter

Functions of Pr.CCA,CBEC AND AG of the States under GST Payments

e-PAOs of Centre and e-Treasuries of State Governments under GST

Functions of RBI (e kuber) under GST Tax payments

Functions of e FPBs of Banks in GST tax payments

Functions of GSTN under mode of payment of GST

Procedures of GST payment through Internet Banking

GST payment through Internet Banking

How does e-payment of GST work?

Modes of GST payment

How to fill GST tax challan online?

Is Commissionerate,division or range of jurisdiction mentioned in GST challan?

Process involved in e-payment of GST

Stakeholders involved in GST e-payments

GST tax payment through internet banking, debit card, credit card and authorized banks

e-Kuber System payment for GST

Modes of payment for GST payments

Features of GST payment process system

Types of Challan in GST payments 

Impact of GST on imports in India

Applicable import duty after GST implantation

How to calculate IGST under imports?

Changes in IEC after GST

Linking IEC with GSTIN in customs

Import under EPCG after GST

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Learn exports imports free of cost

Click here to know GST rate on Goods and Services GST Exemption list of goods and services Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? Learn exports imports free of cost.

 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers