GST What are the main features of GST payment process?

Discussion in 'GST (Goods & Service Tax)' started by Raju Choudhary, Apr 15, 2017.

  1. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    Ans. The payment processes under GST Act(s) have the following features:

    • Electronically generated challan from GSTN Common Portal in all modes of payment and no use of manually prepared challan;
    • Facilitation for the tax payer 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 Government Account;
    • Paperless transactions;
    • Speedy Accounting and reporting;
    • Electronic reconciliation of all receipts;
    • Simplified procedure for banks
    • Warehousing of Digital Challan

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