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Presentations on GST - Payments
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....resentations on GST - Payments <br>News and Press Release<br>Dated:- 10-8-2017<br><BR>Presentations on GST - Payments ============= Document 1 Payments Designed and Developed by GSTN Hv Goods and Services Tax CH CH ã KD ã ã 业 Payments Module Objectives After completing this module, you will learn to: â– Create a challan â– View a Saved Challan â– Use the Electronic Cash Ledger (ECL) â– Make online payments using ➤ Internet Banking ➤ Credit/Debit Card â– Make payments using NEFT & RTGS â– Make Over the Counter payments at authorised bank branches Designed and Developed by GSTN Slide 2 Payments Some Highlights No Limits on Online Payments ✓ Now make ....
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....all your payments online Designed and Developed by GSTN Instant Updates ✓ Online payments updated in ledger almost real time 100% Secure Transactions ✓ All transactions encrypted to protect your details Payment Receipt ✓ Get payment receipts real time Track Status of Your Payment ✓ Status of payment available online Slide 3 Payments Designed and Developed by GSTN Payments Every registered taxpayer under the Goods and Services Tax (GST) Law is liable to pay GST on supply of goods and services. A taxpayer can make Online, NEFT/RTGS or Over The Counter (OTC) payments for GST. Once the payments are made by the taxpayer, the receipts are credited to the Electronic Cash Ledger. The balance in the Electr....
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....onic Cash Ledger can be utilized by the taxpayer to make payments for IGST, CGST, SGST and Cess liabilities. In this presentation, you will learn to make GST payments as a taxpayer GST Payment Modes PAY Internet Banking Credit/Debit Card PAY Online Payment Offline Payment NEFT/RTGS Over the Counter Slide 4 Payments Online Payments shutterstock Payment Modes GST Payment Modes Other Payment Methods CHECK Designed and Developed by GSTN Credit/Debit card Internet Banking Over the Counter NEFT/RTGS NOTE: All payments are deposited into the Electronic Cash Ledger & funds are utilized from it when taxpayer makes payments for liabilities. Slide 5 Payments Designed and Developed by GSTN Making Payments: Challans â....
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.... A GST challan can be defined as the specific format used for making payments under the GST regime, e.g., depositing goods & services tax, interest on overdue tax, penalties, & others Single challan for SGST, CGST, & IGST payments (including cess) ■Challan for making GST Payments are generated online ■GST challans are created online • Pre login mode - challan cannot be saved • Post login mode - All saved challans are available for up to 7 days IGST Integrated Goods and Services Tax Challan CGST Central Goods and Services Tax SGST State Goods and Services Tax Slide 6 Payments Designed and Developed by GSTN Payments: My Saved Challans Before generation of Challan, it will be in My Save....
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....d Challans & after generation it will be Challan History. Challans can be saved & edited for a maximum of 7 days after which they are purged by the system At any point of time, there can be only 10 challans saved Once a challan is generated, it is valid for 15 days Payments Designed and Developed by GSTN Making Payments: Challans You can make GST payments online through e-Payment • Internet Banking Credit/Debit Card For online payments - bank name to be mentioned after generating challan therefore will not be shown on challan ■You can also make the payments using . NEFT & RTGS OTC at authorized banks (up to INR 10,000 per challan per tax period) For OTC, NEFT, & RTGS - bank name must be mentioned before gener....
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....ating challan therefore will be shown on challan Slide 8 Payments Designed and Developed by GSTN Create Challan and My Saved Challan: Demonstration Page 9 Dashboard Services Create Challan Screenshot Notifications & Circulars â–¼ Acts & Rules Downloads Designed and Developed by GSTN Create Challan Saved Challan Challan History Challan Details Tax (*) Interest () Penalty (*) Fees (*) Other (*) Total (*) CGST(0001) | IGST(0002) Cess(0003) SGST(0004) Total Challan Amount: Rs.0 Total Challan Amount (In Words): Rupees Payment Modes E-Payment Over The Counter NEFT/RTGS Major Heads Minor Heads 0 0 0 0 Payments 1 Creating a Challan (E-Payment) Precondition: Valid GSTIN or Temporary ID 2 3 Designed a....
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....nd Developed by GSTN Taxpayer logs into GST portal & clicks 'Create Challan' in the Payments section under the GST Services menu On the create challan screen, Taxpayer enters challan amount Taxpayer selects E-payment 4 Taxpayer clicks on Generate Challan & challan with unique CPIN is generated Slide 11 Payments 1 Designed and Developed by GSTN Creating a Challan (NEFT/RTGS) Precondition: Valid GSTIN or Temporary ID + Bank Name 2 Taxpayer logs into GST portal & clicks 'Create Challan' in the Payments section under the GST Services menu On the create challan screen, Taxpayer enters challan amount 3 Taxpayer selects NEFT/RTGS & enters bank name 4 Taxpayer clicks on generate challan & challan with unique CPIN ge....
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....nerated along with mandate form Slide 12 Payments Designed and Developed by GSTN Creating a Challan (NEFT/RTGS): Mandate Form GOODS AND SERVICES TAX Mandate Form for making GST Payment through NEFT/RTGS Mode (Valid Till Date: 14/02/2017) I hereby authorize ICICI BANK LTD to remit an Amount of Rs4 (Rupees in words )Four only through [ ] NEFT [ ] RTGS as per details given below [ ] Cheque [ ] Debit my/our Account DETAILS OF APPLICANT(REMITTER) Date: Name of the Remitter Account Number Cheque Number Cheque Date Address Contact No. Beneficiary Name Beneficiary Account No.(CPIN) Beneficiary Bank Name Amount Sender To Receiver Information DETAILS OF BENEFICIARY GURVINDER SINGH KAMRA GST 17010500000033 Reserve Bank of I....
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....ndia 4 17010500000033 ( Signature 1. No change is allowed in the NEFT details by the customer or the originating bank. The transaction is liable to be rejected in case of any change in the NEFT details data 2. This NEFT transaction should reach the destination bank by 23/12/2015(Date) till 16:00 hrs(Time). In case of any delay, the NEFT transaction would be returned to the originating Account. It would be the responsibility of the customer and the originating bank to ensure that the NEFT remittance reaches the beneficiary account well before the expiry time and neither the GST Authorities nor Reserve Bank of India would be liable for any delay. Slide 13 Payments 1 Designed and Developed by GSTN Creating a Challan (Over the Co....
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....unter) Precondition: Valid GSTIN or Temporary ID + Bank Name 2 3 Taxpayer logs into GST portal & clicks 'Create Challan' in the Payments section under the GST Services menu On the create challan screen, Taxpayer enters challan amount Taxpayer selects Over the Counter & enters bank name 4 Taxpayer clicks on generate challan & challan with unique CPIN generated Slide 14 Payments Designed and Developed by GSTN Creating a Challan - Reference Screenshot of Generated Challan Goods and Services Tax Kamath Foods Private Limited Dashboard Services Notifications & Circulars Acts & Rules - Downloads â–¾ GST Services Payments GST Challan CPIN 16020700000001 Mode Of Payment: Details Of Taxpayer GSTIN 07 APPCK7465F1Z1....
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.... Name Kamath Foods Private Limited Details of Deposit CGST (9001) IGST (0002) Delhi GST (0004) Total Challan Amount: 15,000/ Challan Generation Date Challan Expiry Date 29/02/2016 22/02/2016 E-Payment Email Address [email protected] Address C-134, Kamla Nagar, Delhi-110070 Tax (7) Interest (2) 3,000 1,000 Penalty (7) 250 Mobile Number +91-9876453210 Fees (7) 250 Other (7) 500 Total (3) Englis 5,000 2,000 1,000 750 750 600 5,000 3.000 1.000 250 250 500 5.000 Total Challan Amount (In words) Rupees Fifteen Thousands only Select Mode of E-Payment Preferred Banks Net Banking Credit/Debit Cards PRINT DOWNLOAD MAKE PAYMENT Unique Common Portal Identification Number (CPIN) Challan generation date....
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.... Challan expiration date Mode of payment Total challan amount Slide 15 Payments Payments: My Saved Challans 1 Taxpayer logs into GST portal & clicks 'My Saved Challans' in Payments section under the GST Services menu Goods and Services Tax Dashboard Services Registration Ledgers Create Challan Challan History Link UTR Notifications & Circulars â–¼ Acts & Rules Downloads Returns Payments User Services My Saved Challans Track Payment Status Designed and Developed by GSTN A+ A- Kamath Foods Private Limited Payments Payments: My Saved Challans 2 3 Designed and Developed by GSTN All challans created by the taxpayer appear in descending chronological order Taxpayer edits (generate during edit)/deletes desired....
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.... challan Services Notifications & Circulars Acts & Rules â–¾ Downloads â–¼ Dashboard GST Services > Payments Create Challan Saved Challan Challan History Reference Number CLN0700000001 Mode Expiry Date Action Created On Amount(*) 10/01/2015 22:12:55 1,000 E-Payment 17/01/2015 CLN0700000002 12/01/2015 22:12:55 2,000 Not Selected 19/01/2015 CLN0700000003 13/01/2015 22:12:55 1,000 E-Payment 20/01/2015 E English Payments Online Payments: Internet Banking Designed and Developed by GSTN Precondition 1: Challan with e-Payment has been generated Precondition 2: Taxpayer has net banking facility with authorized bank Precondition 3: Challan should be valid at the time of tendering the payment Slide 18 Paym....
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....ents 1 Online Payments: Internet Banking Taxpayer selects Net Banking under modes of E-Payment while generating challan 6 2 3 Designed and Developed by GSTN Taxpayer selects bank & clicks on Make Payment Taxpayer is directed to the selected bank's website to complete the transaction 5 Taxpayer can view, download, & then print challan receipt (CIN) Taxpayer is directed back to GST portal to the Payment Summary Page 4 Taxpayer successfully makes payment on bank's website Slide 19 Payments Online Payments: Credit/Debit Card Designed and Developed by GSTN Precondition 1: Challan with e-Payment has been generated Precondition 2: Taxpayer has valid credit/debit card Precondition 3: Challan should be valid at the tim....
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....e of tendering the payment Slide 20 Payments 1 Online Payments: Credit/Debit Card 2 Designed and Developed by GSTN 3 Taxpayer selected Credit/Debit Card under modes of E-Payment while generating challan Taxpayer selects Payment Gateway and clicks Make Payment Taxpayer is directed to the payment gateway to complete the transaction 9 5 4 Taxpayer can view, download, & then print challan receipt (CIN) Taxpayer is directed back to GST portal to the Payment Summary Page Taxpayer successfully makes payment through payment gateway Slide 21 Payments 1 Online Payments: Failure 2 3 Designed and Developed by GSTN Taxpayer makes payment using Netbanking or Credit/Debit Card & funds are deducted from taxpayer's ac....
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....count GST updates payment status to INITIATED GST system pings bank server for 15 minutes. Even after 15 minutes, if GST system does not get a response from the bank, payment status is updated to FAILED It is important to note that different banks have different reconciliation periods for failed transactions (up to 15 days) 4 Taxpayer may retry payment or wait for reconciliation Slide 22 Payments Designed and Developed by GSTN Other Payment Methods: Over the Counter (OTC) Precondition 1: Taxpayer's selected OTC mode before generating challan Precondition 2: Challan should be valid at the time of tendering the payment Slide 23 Payments 1 Designed and Developed by GSTN Other Payment Methods: Over the Counter (OTC) 2....
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.... 3 Taxpayer has selected OTC mode for payment less than or equal to INR 10,000 Taxpayer selects Cash, DD or Cheque & selects the remitting bank where payment will be made Taxpayer clicks on generate challan 9 5 4 Taxpayer can view, download, & then print challan receipt once bank updates GST on success of payment Taxpayer makes payment at the bank via cash, Cheque or DD Taxpayer can view, download & then print generated challan Slide 24 Payments Other Payment Methods: NEFT & RTGS Designed and Developed by GSTN Precondition 1: Taxpayer's selected NEFT/RTGS before generating challan Precondition 2: Challan should be valid at the time of tendering the payment Slide 25 Payments 1 Other Payment Methods: NEFT & RTGS....
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.... 2 Taxpayer has selected NEFT/RTGS mode for payment Taxpayer enters all the details of bank where payment will be made before generating challan 9 5 3 Designed and Developed by GSTN Taxpayer clicks on Generate Challan 4 Taxpayer can view, download, & then print challan receipt Taxpayer fills mandate form & makes NEFT/RTGS payment (via cheque only) & uploads UTR number on the GST portal Taxpayer can view and download generated challan along with partially auto-filled mandate form Slide 26 Payment Designed and Developed by GSTN Make Online Payments and Track Payment Status: Demonstration Payments Payments: Tax Officials Designed and Developed by GSTN During enforcement activities, tax officials can collect cash ....
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....& deposit payments over the counter in banks without any limit Such cases are usually a result of a raid or surprise vehicle inspection Tax Official's can see pendency & collection of payments almost real- time in the Tax Official's Interface Dashboard Some payment related reports available to Tax Officials are: Collection Target Payments received to date • Payments pending Slide 28 Taxpayers' Interface Module Summary You have reached the end of the module, you should be able to: ✓ Create a challan and view saved Challans ✓ Use the Electronic Cash Ledger (ECL) ✓ Make online payments using ✓ Internet Banking ✓ Credit/Debit Card ✓ Make payments ✓ Using NEFT & RTGS ✓ O....
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....TC payments ✓ Track Payment Status Designed and Developed by GSTN Slide 29 Information Security Tips Designed and Developed by GSTN Hv Rs. 8 CH 喎 CH Hv Rs. Rs.<BR> News - Press release - PIB....