How to Make Online GST Payments? A Brief on GSTR-9

What is GSTR?

GST is the modern tax system in India. It has replaced several indirect tax systems of India and has led to a ‘one nation, one tax’ scheme. GST stands for Goods and Service taxes. It has made the complicated tax return filing system more straightforward and comfortable. It applies to all transactions of goods and services in India. GSTR stands for ‘Goods and Services Taxes Returns’.

GST Return is filing the returns of GST for a tax period. GSTR has been divided into several categories to make payments and tax filing quick and easy. Different categories of GST apply for various goods and services. Also, the annual turnover of a person decides the type of GSTR the person needs to file.

There are 15 types of GSTRs applicable to various economic classes of India on different transactions.

The 15 types of GSTRs are:

  • GSTR- 1
  • GSTR- 2A (Suspended)
  • GSTR- 2 (Suspended)
  • GSTR- 3
  • GSTR- 3B
  • GSTR- 4
  • GSTR- 5
  • GSTR- 6
  • GSTR- 7
  • GSTR- 8
  • GSTR- 9
  • GSTR- 9A
  • GSTR- 9C
  • GSTR- 10
  • GSTR- 11

what is gstr 9

What is GSTR-9?

GSTR-9 is a type of GST return filed annually by every taxpayer registered under GST. It contains details of all outward supplies made, inward supplies received during the relevant previous year under different tax heads, i.e. CGST, SGST, IGST, and HSN codes. It also contains information about various payable and paid taxes during the last year. It is a consolidation of all the monthly or quarterly returns like GSTR-1, GSTR-2A, GSTR-3B filed during that year. Moreover, it is an annual report of all supplies made, and all taxes filed.

Exceptions of GSTR-9.

Taxpayers who have opted for the Composition Scheme, Casual Taxable Persons, Input Service Distributors, Non-resident Taxable Persons and Persons paying TDS under section 51 of the CGST Act need not file GSTR-9. Also, it is optional for business people with turnover up to Rs.2 crore in the financial year 2017-18 and the fiscal year 2018-19.

Other Parts of GSTR-9

GSTR-9A

GSTR-9A is an annual return filed by taxpayers registered under the GST composition scheme. It is a consolidation of all the quarterly returns filed during that financial year. It has been waived off for taxpayers for the financial years 2017-18 and 2018-19.

GSTR-9C

This is a reconsolidation statement to be filed by all taxpayers exceeding the annual turnover of two crores. The registered person has to get his account books audited by a Chartered Accountant or a Cost Accountant. GSTR-9C is to be filed for every GSTIN. Thus, one PAN card can have more than one GSTR-9C form filed under it.

Due dates for GSTR-9

For all three GSTR-9, the due date of filing is 31st December of the next financial year. The late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. The total will be Rs. 200/day. The maximum is Rs. 5,000. There is no late fee on IGST. The interest is 18% per annum in case of late payments.

man making payment online web scaled

How to Make GST Payments Online?

People prefer to make online transactions rather than using hard cash. Online payment methods are convenient and secure. It helps to go cashless as it offers more security to your money. It also supports the vision of ‘Digital India’, promoting people to use digital payment methods. Hence, the government of India has allowed online payments for GST. These payment methods are effortless and convenient.

Here are the steps one needs to follow to make GST payment online successfully.

Generate your GST Challan through the GST Portal

  • Log in to the GST Portal ‘www.gst.gov.in’.
  • Enter GST Payment details on the GST Portal.
  • Generate a GST Challan by selecting your respective bank.
  • Note the CPIN and the amount as generated on the Challan.

Payment through Retail Net Banking

  • Login in your bank at Retail Net Banking.
  • Go to ‘mySPACE’ Tab.
  • Click on ‘GST Payments’ under ‘Online Tax Payments’.
  • Click ‘Make Payment’ to initiate GST Payment by entering the CPIN, the amount to be paid, and the mode of payment.
  • Note the UTR number of the transaction.

Update on GSTN Portal

  • Log in to the GST Portal.
  • Link the UTR number against CPIN number to complete GST Transaction.

So, it is very simple to make an online payment for GST. One needs to know about the type and necessary documents to make the payment easily. There have been several corrections made to the GST act by the GST Council after the implementation of the Act. One needs to stay updated to the amendments to make the GST transactions and returns hassle-free. Taxes are contributions to national development and charges of the services and goods we avail in India. As a responsible citizen, we must make timely tax filing a regular habit.

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