Introduction: In an era where digital transactions govern financial landscapes, the Goods and Services Tax Network (GSTN) has taken a significant stride by introducing a streamlined method for taxpayers to settle their GST liability. This novel approach allows individuals and businesses to leverage the convenience of Credit Cards or Debit Cards. However, it’s crucial to note that this option is currently available in specific states. This comprehensive article delves into the intricacies of this payment method, providing a detailed analysis of the steps involved, associated transaction charges, and the states where this facility is presently accessible.
Detailed Analysis: The process of paying GST through Credit Cards or Debit Cards is relatively straightforward, but it begins with a geographical constraint. Currently, this facility is operational in 10 states like Assam, Delhi, Goa, Gujarat, Haryana, Odisha, Maharashtra, Madhya Pradesh, Kerala, and Himachal Pradesh.
Taxpayers in these regions can follow following step-by-step guide to avail themselves of this option:
- Navigate to Create Challan Option
- Select E-payment Option
- Select Credit/Debit Card Option
- Select Preferred Bank
- Agree to Terms and Conditions
- Make Payment
A critical aspect that taxpayers need to be cognizant of is the transaction charges associated with this payment mode. Depending on the payment channel and card type, these charges vary. For instance, Kotak Mahindra Bank, one of the participating banks, has a structured fee system. Users should be aware that GST will be levied at 18% on these charges, making it essential to factor them into their payment considerations.
Payment Gateway Charges – Kotak Mahindra Bank*
| Payment Channel | Type | Amount (₹) | User Charges |
| UPI | – | Any | Nil |
| Debit Card | Rupay | Any | Nil |
| Debit Card | Visa/Mastercard | <= 2,000 | 0.30% plus GST |
| Debit Card | Visa/Mastercard | > 2,000 | ₹15 per transaction plus GST |
| Credit Card | Visa/Mastercard/Rupay | Any | 0.78% plus GST |
##GST will be levied @ 18%.
Conclusion: This strategic move by GSTN not only aligns with the digital transformation wave but also offers taxpayers a more flexible and convenient means of fulfilling their GST obligations. As this service is likely to expand to more states in the future, it becomes imperative for businesses and individuals to stay informed about the applicable charges and procedural nuances. Navigating the world of GST payments is evolving, and embracing digital payment options is a testament to the continual efforts to simplify financial processes for the benefit of all taxpayers.
Author Bio
I tried payment of GST of RS.1 with using debit card,
But GST team has charged 1+ RS.10.
Total deduction of Rs.11
So can anybody guide me on this.