Goods and Service Tax has been an integral part of many businesses over three years now. Claiming the right Input Tax Credit and payment of GST is a routine one cannot miss.
Therefore, to ensure transparency and tracing, the GST portal enables taxable entities to view their tax liabilities through a register and two ledgers, at a single place, each maintained in real-time. These are:
The critical aspect here is the payment of GST. Any tax amount paid by the taxpayer will be visible in the electronic cash ledger. This payment has to be made through a GST challan payment.
In this article, we will cover topics like GST payment challan format, GST challan generation and also how to create GST challan
To initiate a GST related payment, a GST challan create in FORM GST PMT-06 payment challan has to be generated on the GST portal. This challan can be generated by any taxpayer or any other person on his/her behalf. The GST PMT 06 payment challan will be valid for fifteen days.
Next, you'll know how to fill form GST PMT-06 challan payment.
The GST challan, PMT-06 can be generated for the payment of:
If you don't know how to pay GST PMT 06 than this payment can be made via:
However, over the counter payments are accepted only for deposits up to INR 10,000 per challan per tax period, by cash, cheque or demand draft. Here, if there is a commission payable in respect of any payment, it will be borne by the person making such payment. Next we'll discuss how to file PMT 06
Step 1: Vist https://www.gst.gov.in/ and under ‘Services’, select ‘Payments’ and then ‘Create Challan’. Step 2: Enter the ‘GSTIN/Other Id’, ‘Captcha code’ and ‘Proceed’.
Here, the other IDs that can be entered are:
Step 3: Update the ‘Tax Liability’ details with the amount for which the challan is to be created. The taxpayer’s details will be auto-populated. The taxpayer has to select the preferred mode of payment in this step. Once the details are added/selected, the taxpayer can also ‘Save’ the challan for future use. To proceed to create the challan, click on ‘Generate Challan’. Step 4: The taxpayer will have to authenticate the transaction through an OTP. For this, he/she will have to enter the registered mobile number associated with GSTIN/Other ID entered above. Step 5: On successful authentication, the taxpayer can ‘Proceed’ to ‘Make Payment’ through the selected mode and ‘Download’ the challan. This challan will be valid only for 15 days.
The taxpayer can log in to his/her GST dashboard and generate the GST challan PMT 06 in GST portal as well. Step 1: Log in to the GST Portal. Step 2: Under ‘Services’ click on ‘Payments’ and then select ‘Create Challan’. The saved challans can also be viewed here.
Step 3: Update the ‘Tax Liability’ details with the amount for which the challan is to be created. The taxpayer has to select the preferred mode of payment in this step. Once the details are added/selected, the taxpayer can also ‘Save’ the challan for future use. To proceed to create the challan, click on ‘Generate Challan’. Step 4: A summary page showing the details of the challan will then appear. After confirming the details, the taxpayer can ‘Make Payment’ through the selected mode and ‘Download’ the challan. This challan will be valid only for 15 days.