Ever since the government has introduced GST, the process of indirect taxation has become easy. Earlier, it used to be a complicated process. We had to pay different taxes like service tax, VAT, etc. Also, there was no defined process for paying indirect taxes. With GST, it has become easy to pay taxes. Now you can easily pay it online to the government portal. You don’t have to pay different taxes. All the indirect taxes have been merged to form a single indirect tax system, i.e. GST. This article will act as a step-by-step guide for you to make your GST payment.
Before you proceed to understand how to make a GST payment, use our Online GST Calculator compute the payable GST for a month or quarter under different GST tax slabs.
The Indian Government has introduced various schemes to make GST payment easier for people, like regular payment, quarterly payment, composition scheme.
Let’s first look at the types of payments allowed under GST and which Challan you need to file your GST return.
|Types of taxpayers||GSTR filing|
|Regular Taxpayers||If you are a regular taxpayer, you need to use the PMT-06 Challan when filing GSTR-3B.|
|Quarterly Payment||If you are a quarterly taxpayer and have opted for the QRMP scheme, you need to deposit the tax within 2 months of the quarter’s ending. You need to use the PMT-6 Challan and file GSTR-3B.|
|Composition Scheme||If you have opted for a composition scheme under GST, you need to file your return using the CMP-08 Challan. You will have to provide a summary of your sales for the quarter to file your return.|
|Nil Taxpayers||Nil taxpayers are those merchants who do not have any tax payable or any sales or purchase activity during the relevant tax period. If you are not liable to pay any GST, you don’t need to use any Challan.|
You can easily verify and validate the GSTIN of a taxpayer with razorpay’s Free GST Number search tool, ensuring seamless GST verification online.
Steps to make GST payment online
You can choose to generate your GST Challan either before logging in to your GSTIN portal or after logging in.
Following are the steps you must follow to file your GSTR and make GST payment.
Step 1: You must already be registered for GST and already have a login id and password to access your GST portal. If not, you need to first register for GST.
Step 2: Next, you need to login into your GSTIN portal using your login id and password. For logging in, you need to visit the GST portal.
Step 3: Then, you need to go to the services section.
Step 4: Within the services section, you need to find ‘Returns’, then ‘Returns Dashboard’.
Step 5: On selecting ‘Returns Dashboard’, the ‘File Returns’ page is displayed. You then need to choose the financial year you want to make GST payment and file a GST return. You need to select the year from the drop-down menu.
Step 6: Click on ‘search’ after selecting the financial year.
Step 7: A window displaying different tiles opens. Select the ‘Monthly return GSTR-3B’ tile and click on the ‘Prepare online’ tab.
Step 8: A window containing a list of questions appears in front of you. You need to answer each of these questions by ticking on ‘Yes’ or ‘No’ as applicable. Click on ‘Next’.
If you are filing a Nil return, you can simply select ‘Yes’ in the first question. Click on ‘Next’ and select the checkbox to declare the information. Select the Authorised signatory. Click on File GSTR-3B with DSC or GSTR-3B with EVC button.
Step 9: Click on ‘Next’. A window opens. Enter the values applicable for each tile. You also need to fill the late fee and interest, if applicable.
You need to fill in the following information in GSTR-3B
- Details of outward and inward supplies which are liable to reverse charge.
- Details of supplies made interstate to unregistered persons.
- Details of the input tax credit claimed, reversed, eligible as well as ineligible input credits.
- Details of the Nil, exempt, and Non-GST inward supplies made either interstate or intrastate.
- Details of late fee and Interest under different heads like cess, IGST, CGST, SGST/UTGST.
Step 10: Once you have filled in the details, you now need to click on ‘Save GSTR-3B’. Once the data is saved, you can either make the payment immediately or revisit the portal later to make the payment.
Step 11: You can see a message displayed on your screen saying ‘Data has been successfully saved’.
Step 12: Once you have successfully saved the details, you need to click on the ‘Submit’ button. After submission, a message saying the return has been successfully submitted is displayed. You can not make any changes in the details once you submit the data.
Step 13: To make GST payment, click on the ‘Payment of tax’ tile. Your tax liability gets computed according to the details filled by you in the GSTR-3B. The tax liability is shown in the ‘Tax Payable’ column. The claimable tax credits get updated in the credits ledger. Each of the headings under the payments section gets updated.
Step 14: Now, you need to check the balance of cash and credit by clicking on the ‘Check balance’ button.
Note: If the cash balance of the E-cash ledger is less than the required amount to offset the liability, you need to generate a Challan. If the cash balance is more than the liability amount, you can directly make the GST payment.
Step 15: You click on the ‘Create Challan’ button to generate a Challan
Step 16: After generating the Challan, you can pay the GST amount by clicking on the ‘Make payment/post the credit to ledger’ button. Click on the checkbox to give a declaration. Select the Authorised signatory and click on the ‘File GSTR-3B’ button.
Step 17: Confirm by clicking on ‘Proceed’.
You should follow the steps mentioned above in the specified order. It will make your GST payment and return filing easy. You don’t need to waste your time visiting banks. You can easily file your return by following the steps given in this article.