How to Make Payment of GST through Debit Card?

Payment of Goods and Services Tax (GST) is an obligation for businesses and individuals to maintain proper tax compliance and contribute to the nation's wealth. Various payment methods are involved in this process, but payment of GST through debit card ensures a seamless process.

In this blog, we will discuss the entire process of GST payment through debit cards, focusing on the payment gateway charges of debit cards for different banks across India.

What is GST?

GST is a kind of indirect tax that has been introduced as an alternative to various indirect taxes. Effective from July 1^st, 2017, GST is a unified tax system that subsumes excise duty, service tax, VAT, etc.

GST, as the name suggests, is a tax levied upon the supply of goods and services. It is imposed at the end of every stage of the supply chain. It is a centralised indirect tax system, making tax administration easier and tax compliance better.

The rate of GST remains the same across the country. It merges central and state taxes, thus collecting one single tax from the people.

Process of Paying GST Through Debit Cards

In India, only 10 states have the facility of GST payments through the available debit cards. These 10 states are - Goa, Odisha, Delhi, Gujarat, Assam, Himachal Pradesh, Maharashtra, Haryana, Kerala and Madhya Pradesh. This is the only constraint as of now in the online mode of GST payment.

Follow the steps below to pay GST through debit cards:

Step 1: Visit the official portal of GST and log in using your username and password.

Step 2: Select ‘Net Banking’ as the 'Mode of E-Payment’ and choose the bank name.

Step 3: Review the terms and conditions, verify the checkbox, and select the ‘Make Payment’ option.

Note: If you wish to view the list of banks which you have used to make your transactions previously, you can select ‘Preferred Banks’ as ‘'Mode of E-Payment’. Proceed to choose the bank of your preference, review the terms and conditions, and verify the checkbox. After this, tap on the ‘Make Payment' button.

Step 4: The page will redirect to the portal of your chosen bank account.

Step 5: After successful payment, the GST portal will display the message ‘Payment Successful.’

Must reads

How to Reconcile GSTR- 3B and GSTR-1 in India?

• 22 Aug 24
• 15 mins

GST on Air Conditioners: AC HSN Code and GST Rate

• 4 Sep 24
• 7 mins

Payment Gateways Charges of Debit Cards for Different Banks

It is important for taxpayers to be aware of the transaction charges associated with this payment mode. The charges vary according to the type of card and payment channel. Users should also know that GST at an 18% rate would be levied upon these charges.

Therefore, they should factor them into their payment considerations. The following are the payment gateway charges of a few banks:

Payment gateway charges of debit cards for State Bank of India are as follows:

Payment gateway charges of debit cards for ICICI Bank are as follows:

Conclusion

The online mode of GST payment aligns with the wave of digital transactions. Moreover, it provides taxpayers with a feasible avenue of GST payment. This system promises to expand to all the states in India.

Therefore, the knowledge of the nuances associated with the procedure and the applicable charges is crucial for businesses and individuals. The financial sphere is constantly evolving. Payment of GST through debit card is just another stepping-stone towards making taxpaying a simpler process across the country.

💡If you want to pay your GST with Credit Card, then download Pice Business Payment App. Pice is the one stop app for paying all your business expenses.

FAQs