How to Cancel Challan in GST?

Bio

An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.

28 Aug 24
5 mins

Saurabh Agrawal

08 Mins
28-08-24

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Table of Contents

How Do I Create a GST Challan for Over-the-Counter Payments?
Is it Possible to Modify a GST Challan?
How to Cancel GST (OTC) Challan?
Steps to View or Edit the Saved GST Challan

Challan Cancellation: GST challans can be canceled only if they are unpaid. Navigate to Services > Payments > Challan History to cancel an unpaid challan.
Creating OTC Challans: Generate an over-the-counter (OTC) GST challan by selecting 'Over-the-Counter' as the payment mode and visiting an authorized bank to complete the payment.
Modifying Challans: You can modify the details of an unpaid GST challan through the Challan History section before making any payment.
Challan Validity: A GST challan remains valid for 15 days from its generation date; post-expiration, a new challan needs to be generated.
E-Challan Payments: GST e-challan payments can be made via online banking, debit/credit cards, or at authorized banks, ensuring accurate details to avoid issues with modification and cancellation.

Canceling a GST challan is not directly possible once it has been generated and paid. However, if the payment has not been made yet, you can cancel the challan easily by following the detailed instructions, which are all about Challan in GST.

How Do I Create a GST Challan for Over-the-Counter Payments?

How to Create a GST Challan for Over-the-Counter Payments?

To create a GST challan for over-the-counter (OTC) payments, follow these steps:

Step 1: Log in to the GST Portal: Enter your username and password.

Step 2: Navigate to Services: Go to Services > Payments > Create Challan.

Step 3: Fill in the Details: Enter the necessary details, including the taxpayer’s nme, GSTIN, and the amount to be paid.

Step 4: Select Mode of Payment: Choose 'Over-the-Counter' as the payment mode.

Step 5: Generate Challan: Click on 'Generate Challan' and take a printout.

Step 6: Visit Authorized Bank: Present the printed challan at an authorized bank branch to make the payment.

Is it Possible to Modify a GST Challan?

Modifying a GST challan is only possible before it has been paid. If the challan is unpaid, you can:

Step 1: Access Challan History: Log in to the GST portal and go to Services > Payments > Challan History.

Step 2: Select the Challan: Find the challan you wish to modify.

Step 3: Edit Details: If the challan status is 'Generated,' you can modify the details as required.

Step 4: Save Changes: After editing, save the changes and proceed.

What is the Validity of a GST Challan?

A GST challan is valid for 15 days from the date of its generation. If payment is not made within this period, the challan will expire, and a new one will need to be generated.

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How to Cancel GST (OTC) Challan?

To cancel an over-the-counter (OTC) GST challan, follow these steps:

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Step 1: Log in to the GST Portal: Use your login credentials.

Step 2: Go to Challan History: Navigate to Services > Payments > Challan History.

Step 3: Identify the Challan: Select the challan you wish to cancel.

Step 4: Cancel Option: If the challan is unpaid, click on the cancel option.

Steps to View or Edit the Saved GST Challan

Once your Challan is created and data is saved, you can view and edit easily by following these steps mentioned below

Step 1: Log in to the GST Portal: Enter your credentials.

Step 2: Navigate to Challan History: Go to Services > Payments > Challan History.

Step 3: View Saved Challans: Look for the challans that are in 'Generated' status.

Step 4: Edit Option: Click on the challan to view or edit the details.

Step 5: Make Necessary Changes: Edit the required fields and save the challan.

Conclusion

E-Challan payments have streamlined the process of tax payments under GST, offering multiple modes of payment, such as online banking, debit/credit cards, and over-the-counter payments at authorized banks. It is crucial to ensure that the challan details are accurate before proceeding with payment, as modifications and cancellations are restricted once the payment is made.

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FAQs

Can I cancel a GST challan after it has been paid?

No, once a GST challan has been paid, it cannot be canceled. Only unpaid challans can be canceled.

How do I create a GST challan for over-the-counter payments?

Log in to the GST Portal, navigate to Services > Payments > Create Challan, enter the necessary details, select 'Over-the-Counter' as the payment mode, generate the challan, and make the payment at an authorized bank.

Can I modify a GST challan after generating it?

Yes, modifications can be made to a GST challan as long as it is unpaid. Access the challan through Challan History, make the necessary changes, and save them.

What happens if I do not pay the GST challan within its validity period?

A GST challan is valid for 15 days from the date of generation. If it is not paid within this period, the challan will expire, and a new one must be generated.