All you need to know about GST challan

Wanna know the minute details about the GST challan? Then this context is exactly for you. Have a look at this article and you will get the details about the GST challan.

In the digital era, tax fees payments through the GST challan are too easy to handle. Not only that, this easy GST challan has brought transparency. To go through the GST challan process and other small details, you need to know all about GST.

Though there are three different kinds of the electronic ledger that will help you in playing GST registration fees as a registered taxpayer.

These electronics ledgers are as follows:

  • The electronic liability ledger
  • Electronic credit ledger
  • Electronic cash ledger

The electronic liability ledger helps to keep going with all of your detailed liabilities under GST if you are a taxable person. This ledger bears out various factors, such as:

  • The amount of due excise
  • Interest
  • Penance
  • Late fee

When you pay any amount as a registered person, your electronic liability ledger gets debited. 

The electronic credit ledger signifies the quantity of Input Tax Credit available to you, only if you are a registered tax giver. This available amount is used when you will make payments towards your outward tax liability. 

And the last one, the electronic cash ledger gets accredited only when any particular amount of deposit is drawn up on the GST portal. You, as a registered taxpayer, can use this count for several causes, which may include:

  • Pay any amount of tax due
  • Interest
  • Penalty
  • Late fee

Now it’s time to visit the detailed GST challan. Here it is.

What is the GST challan?

Section 87(2) of the CGST act, 2017 draws up the allocation payment challan under GST. Each and every taxpayer needs to generate this GST challan in order to pay the GST on the GST website.

You can create this GST challan in the Form GST PMT–06 on the common GST portal. Then the registered taxpayer needs to fill up these requisite details mentioned below:

  • Amount of tax, that has to be submitted
  • Interest
  • Penalty
  • Fees

Once you have generated the GST challan from the common portal, the validity of this challan will be there for a time duration of 15 days from the issuing day.

More information here:

Creating stepwise GST challan while paying GST

Here we are going to mention detailed steps that you need to follow while creating the GST challan on the GST portal.

As a first step, you need to go to the website , and then log in to your account with all the log in credentials like username and password.

You have a lot of various options through which you can deposit the GST as a registered taxpayer. Go to select the options for your preferred payment gateway.

Internet Banking Through Authorized Banks

  • Choose to make the payment from your savings account.
  • If You want to make use of a debit card or a credit card, you need to register your card.
  • Now fill up all the details on the GST portal, and then select the internet banking as your preferred payment option.
  • Now create the GST challan which will contain the CPIN number also known as the common portal account number. This is the beneficiary number on behalf of the Government where the payment has to be submitted.
  • Now move your cursor to the E-payment tab and click on it. You will get see all the bank lists.
  • You need to choose the bank in which you have your account, then a new window will open where you need to put all the details, and thus you can make the payment.

National Electronic Fund Transfer i.e. NEFT

  • Log in to your GST account.
  • Feel all the details at the stipulated places.
  • Choose the NEFT or the RTGS as your preferred payment option.
  • Choose your bank and then fill in the details.
  • The challan will include the common portal account number. Other details like IFSC code, GSTIN details will be included in the challan.
  • In the next step, another form GST PMT – 06 will be generated only for this NEFT method. This is also valid for 15 days from the issuing date.
  • After all the fill-up, take a printout of the challan and submit it to the bank to get a Unique Transaction Reference Number (UTR), by which your transaction will take place.
  • When you have gotten your UTR code, again go to the GST portal. Move to the Services tab. Go to the payment option and opt out for challan history. Go to the proper CPIN number for your due payment.
  • Put the UTR code, and confirm it. 
  • Go to the Link UTR tab.
  • When the link process is done, you can see the details of your transaction in your electronic cash ledger.

When the amount has been credited to the government account, a GST receipt will be generated that will include the CIN number. 

The Bottom Line

So, here we provide you with all the minute details on the GST challan. Future if you need any help, you may reach us, or just note down a comment below.

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