Do you face difficulty in managing tax payments for your business? Don’t worry, we are here for all your GST-related questions and concerns. Goods and Service tax, also known as GST, has become an integral part of our tax system. It is known to be a consumption-based tax levied on the supply of goods and services. One of the challenges that businesses face is GST payments online in India. But there is nothing to worry about- with the advent of technology, paying GST online in India has become more convenient and simpler. Reading further, the article will guide you through the process of how to pay GST online with EnKash.
Registering for GST payments online
While GST was introduced to make life easy, it does include a certain form of registration that can easily be tracked by the government. So, before we answer your question, ‘How to pay GST online?’ let us help you register for the same.
Before you start paying your taxes, you need to register and get a GST identification number or GSTIN for your business. Under this process, you are required to provide relevant business and personal information such as- PAN, Aadhar number, and bank account details. Once you have registered successfully, you will get your very own ‘Unique GSTIN’. This number will be required for all your future GST- related transactions, including making payments online.
Calculating the GST amount
To pay GST online, it is very important to calculate the accurate amount. The GST amount is determined by applying the applicable GST rate to the taxable value of goods and services supplied. In India, GST has bifurcated the category and the percentage of tax on them that vary from 5% to 28%. This generally includes the sale price or consideration received for the supply of goods and services, excluding any GST included.
You may use GST calculators or accounting software available online to simplify your calculations. They automatically compute the GST amount based on the information provided by you. Such tools and software ensure saving time and effort while making accurate calculations. Also, it is important to stay updated with the GST invoice rules, rates and regulations affecting your payments.
Initiating the payment with EnKash
Post GST registration and calculating the amount for the same- it is important to know how to pay GST online. Well, it is easy! With EnKash, your very own fintech solution provider, pay taxes with utmost ease and reliability. Here is a step-by-step guide for you to pay GST online:
Step 1: Log in to the Government portal ( https://payment.gst.gov.in/payment/ )
Step 2: Create your very own GST Chalan
Step 3: Choose payment mode as NEFT/ RTGS
Step 4: Enter remitting bank such as Kotak Mahindra Bank
Step 5: Upload the Chalan (generated PDF) on the portal of EnKash
Step 6: OCR-based auto read and verification
Step 7: Maker/ checker approvals
Step 8: Pay online using different payment methods
While you follow the above-mentioned steps, read further to choose EnKash as your GST-paying portal!
- Centralized management for all your GST payments
- OCR technology- auto reads challans and converts them into payment records
- Track all GST payments and get deep analytics
- Configures approvals and administrations
Common issues and troubleshooting
While paying GST online, one may encounter certain issues or challenges along the way. Here are some of the common issues with their possible solution:
Technical glitches: In case of technical issues with the GST portal, try clearing your browser cache, using a different browser, or contacting the technical support team
Incorrect payment details: Double-check all the information you enter, such as the GSTIN and payment amount, to avoid any errors. If you make a mistake, you can request a refund or adjust the excess amount in your future payments
Payment failures: If your payment fails due to connectivity issues or insufficient funds, ensure that your internet connection is stable and that you have a sufficient balance in your bank account. You can retry the payment or choose an alternative payment method
GSTIN-related errors: If you encounter issues related to your GSTIN, such as invalid or inactive status, contact the GST helpdesk or consult a tax professional for guidance
Conclusion
Paying GST online has revolutionized the way businesses and taxpayers handle their tax obligations. The streamlined process has become more friendly with EnKash. By leveraging technology and utilizing online tools and software, you can save time and reduce the chance of any kind of error. So, embrace the convenience of paying GST online and experience a hassle-free tax payment journey with EnKash.
