How do I pay GST on a Cheque?

Select the payment option i.e. “Cash”, “Cheque” or “Demand Draft”. Click on “Generate Challan”. Step 2: The Assessee may visit the nearest Axis Bank branch with two copies of the downloaded challan along with cash or instrument (Cheque/ Demand Draft) of total amount of the challan.

Is GST applicable on Cheque payment?

As per GST Law, there is no GST payable on Cheques, loose or in book form. So the rate of GST payable on Cheques, loose or in book form is nil rate.

How do I pay GST amount?

Step 1: On the GST portal’s homepage, navigate to the Services > Payments > Create Challan option. Step 2: Enter the GSTIN or the ID of a temporary user or tax return preparer or UN body. Enter the captcha code. Step 3: Enter amounts for CGST, SGST, IGST or other heads, as applicable.

How do I pay GST cash in bank?

Offline GST Payment at Bank

1. In the Payment Modes option, select the Over the Counter as the payment mode.
2. Select the Name of Bank where cash or instrument is proposed to be deposited.
3. Select the type of instrument as Cash/ Cheque/ Demand Draft.
4. Click the GENERATE CHALLAN button.

How do I pay GST online?

To make the GST payment post-login to the GST Portal once the challan is generated, perform the following steps:

1. Access the https://www.gst.gov.in/ URL.
2. Login to the GST Portal with valid credentials.
3. Access the generated challan.
4. Select the CPIN link for which you want to make the payment.
5. Select the Mode of E-Payment.

Who is liable for GST?

supplier of goods
Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism.

Can I payment GST by UPI?

As per the received information from the North block, a meeting was held to enable the GST on UPI, it was agreed to offer a 1 Time exemption from the penalty for a period of four months until 30 Dec 2021, to the result that members would settle the required protocol during that period to live with the QR code on …

How GST returns are filed?

1) GST return online filing process Step 1: Use the GST portal that is www.gst.gov.in. Step 2: Based on your state code and PAN number, a 15 digit number will be issued. Step 5: File the outward supply returns of GSTR-1 using the information section at the GST Common Portal on or before the 10th of the month.

Who should pay GST in India?

2) Who is liable to pay GST? In general the supplier of goods or service is liable to pay GST. However in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism.

Can we pay GST in any bank?

As per Section 2(14) of the CGST Act, “authorized bank” shall mean a bank or a branch of a bank authorized by the Government to collect the tax or any other amount payable under the Act. At present 24 Banks (after merger of five Associate Banks with SBI) are authorized for collection of Indirect taxes.

Which banks are available for GST payment?

List of Banks

• PNB.
• Indian Bank.
• Canara Bank.
• Union Bank of India.
• Bank of Baroda.
• Indian Overseas bank.
• UCO Bank.
• Bank of Maharashtra.

What is GST deposit?

The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. You are automatically considered for the GST/HST credit when you file your taxes.

What are the rules of GST payment?

GST Payment- Rules, Process and Form. GST payment is one of the major requisites for a business to stay compliant. As per the guidelines, every registered regular taxpayer has to furnish the GST returns on a monthly basis, and pay the requisite tax by the GST payment due date – 20th of every month.

How to generate Challan for GST payment?

Generate challan for making the GST payment – Challan for the payment can be generated from the GST payment portal using Form GST PMT-06. The details of the amount to be deposited towards tax, interest, penalty, fees or any other amount should be entered in the challan. The challan generated will be valid for 15 days

How do I know when my GST payment is due?

GST/HST payment and filing deadlines If you are filing a personalized GST/HST return, the due date is located at the top of your GST34-2, GST/HST Return for Registrants. If your due date is a Saturday, Sunday or public holiday recognized by the CRA, your payment is on time if we receive it on the next business day.

How do I pay GST/HST on remittances?

Use Form RC158, Remittance Voucher – Payment on Filing to pay the amount owing. Do not use the remittance part of your GST/HST return. Other remittance forms for GST/HST payments include: