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GOODS AND SERVICE TAX
REPORT
OF
THE JOINT COMMITTEE ON BUSINESS PROCESSES
FOR GST
ON
GST PAYMENT PROCESS
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CA Jayesh Rawal
Partner
A N Gawade & Co.
Chartered Accountant
80/84, Dadiseth Agiary Lane
2nd Floor Office No. 28, Kalbadevi Road
Mumbai-400002
Web : www.angca.com
Tel : 022 6556 3124
OBJECTIVES
Tax administration should be transparent,
responsive and simple
The system and procedures to be made electronic
for more efficiency in tax administration and greater
satisfaction of taxpayer
Payment system of GST should also be based on
Information Technology which can handle both the
receipt and payment processes. 2
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FEATURES OF THE PAYMENT PROCESSES
UNDER PROPOSED GST REGIME
Electronically generated challan from GSTN CommonPortal in all modes of payment and no use of manuallyprepared challan
Facilitation for the taxpayer by providing hassle free,anytime, anywhere mode of payment of tax
Convenience of making payment online
Logical tax collection data in electronic format
Faster remittance of tax revenue to the GovernmentAccount
Paperless transactions
Speedy Accounting and reporting
Electronic reconciliation of all receipts
Simplified procedure for banks
Warehousing of Digital Challan 3
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PROPOSED THREE MODES OF PAYMENT
Payment by taxpayers through Internet Banking throughauthorized banks and through credit card/debit card
Over the Counter payment (OTC) through authorizedbanks (will be available for payments up to Rs. 10,000/-per challan only)
Payment through NEFT/RTGS from any bank (includingother than authorized banks).
It is desirable that under the GST regime, all taxpayersshould gradually move to internet payment over anindicative time frame
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METHODS FOR CREATION OF DRAFT CHALLAN
Logging on to GSTN Common Portal
Authorized representatives can select any tax payer onwhose behalf he proposes to pay GST
Grant of temporary Registration number can be used byboth the tax authorities for facilitating tax payments onbehalf of an unregistered person
GSTN could also be used for direct payment withoutuser ID and Password (like the present provision underService tax) 5
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UPON CREATION OF THE DRAFT CHALLAN
Taxpayer will fill in the details of the taxes that are to bepaid
Tax payer will have the option to pay CGST, IGST,Additional Tax and SGST concurrently.
After the tax payer has finalized the challan, he willgenerate the challan, for use of payment of taxes
Challan so generated will have a 14-digit (yymmfollowed by 10-digit) Unique Common PortalIdentification Number (CPIN). 6
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METHODS FOR CREATION OF DRAFT CHALLAN
After the challan is generated, it will be frozen and
will not be allowed to be modified.
CPIN/challan so generated would be valid for a
period of seven days.
CPINs would remain live with RBI for a period of 30
days in case of counter payment mode.
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PROCESS INVOLVED IN OVER THE COUNTER
PAYMENT OF GST
Every tax payer will access GSTN for generation of a challanthrough which payment is to be made.
Taxpayer will fill in the details of the taxes that are to be paid
The taxpayer would select option of cheque, DD or cashbased payment
The name of the authorized bank and its location(city/town/village) where the instrument/cash is to bepresented is required to be filled in necessarily.
The taxpayer should preferably carry two copies of thechallan, one for the bank’s record and another for himself toget acknowledgement
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THANKS AND REGARDS
CA JAYESH RAWALMOB: +91 9029044954
EMAIL: [email protected]
A N GAWADE & Co.
Chartered Accountants
Web: www.angca.com
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