The Goods and Services Tax Network ( GSTN ) has enabled payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials.
On January 5, 2024, The Goods and Services Tax ( GST ) portal was enabled with a new feature. The GST payers can now make their payments through debit or credit card through Kotak Mahindra Payment Gateway.
As of then, the portal exclusively accommodated cards through Kotak Mahindra Gateway, with the possibility of expanding the list of acceptable variations of Credit Cards in the near future.
The portal is providing both online and offline payment methods. When generating the GST challan (PMT-06), businesses are required to select a specific mode of GST payment. The decision should be based on factors such as the time available to file the GST return before the due date, convenience, the chosen banker, and other relevant considerations.
Read More: Major GST Portal Update: GSTN enables GST Payments through Credit/Debit Cards
The current integration of IndusInd Bank allows users to effortlessly settle their GST obligations through their IndusInd Bank accounts using Net Banking, available both online and at all IndusInd Bank branches.
Streamlined GST Payments with IndusInd Bank
IndusInd Bank, authorized by the Reserve Bank of India ( RBI ) and the Office of Controller General of Accounts, Ministry of Finance, Government of India, is now an approved bank for the collection of Goods & Services Tax (GST). Through its seamless integration with the GST portal, customers can easily make their tax payments by choosing Net Banking or the Over-the-Counter mode when generating a challan on the GST website.
Payment Modes and Step-by-Step Guidance
Customers can initiate their tax payments through various modes offered by IndusInd Bank, including Internet Banking – Retail Channel ( IndusNet ), Internet Banking – Corporate Channel (IndusDIRECT), Branch Channel ( Over-the-Counter ), and RTGS/NEFT. The process is hassle-free and can be completed following the step-by-step guides provided on the respective channels.
Internet Banking – Retail Channel (IndusNet)
Internet Banking – Corporate Channel (IndusDIRECT)
Key Features of IndusInd Bank’s GST Payment Services
1. Facilitation for the taxpayer with a hassle-free, anytime, anywhere mode of tax payment.
2. Convenience of making payments online, ensuring a smoother transaction experience.
3. Faster remittance of tax revenue to the Government Account for efficient fiscal management.
4. Paperless transactions, reducing the environmental footprint and promoting sustainability.
5. Speedy accounting and reporting for quick and transparent financial processes.
6. Electronic reconciliation of all receipts, enhancing accuracy and efficiency.
With IndusInd Bank’s integrated GST payment services, taxpayers can enjoy a user-friendly and efficient platform for fulfilling their tax obligations, reinforcing the bank’s commitment to providing innovative and convenient financial solutions.
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