• twitter-icon
Unlimited Tax Return Filing


GSTN Grants Permission to IndusInd Bank for GST Payments

GST Portal Lists IndusInd Bank for Tax Payments

Payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials have been enabled by the Goods and Services Tax Network ( GSTN ).

The Goods and Services Tax ( GST ) portal on January 5, 2024, was enabled with an updated feature. Through the mode of debit or credit card via Kotak Mahindra Payment Gateway, the GST payers could now make their payments.

The portal from that time exclusively accommodated cards via Kotak Mahindra Gateway, with the chance of expanding the list of acceptable variations of Credit Cards shortly.

The portal provides online as well as offline payment methods. At the time of generating the GST challan (PMT-06), businesses need to choose a particular mode of GST payment. The decision must be on the grounds of factors like the time available to file the GST return before the deadline, convenience, the chosen banker, and other pertinent considerations.

The ongoing integration of the IndusInd Bank permits the users to settle their GST liabilities via their IndusInd Bank accounts through Net Banking, available both online and at all IndusInd Bank branches.

Simpler GST Remittances with IndusInd Bank

For the collection of Goods & Services Tax (GST) 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. With its easier integration with the GST portal, the clients can make their tax payments easily via choosing Net Banking or the Over-the-Counter mode when generating a challan on the GST website.

Step-by-Step Process for Tax Payment Modes

Customers can make their tax payments via distinct modes offered by IndusInd Bank, consisting of the Internet Banking – Retail Channel ( IndusNet ), Internet Banking – Corporate Channel (IndusDIRECT), Branch Channel ( Over-the-Counter ), and RTGS/NEFT. The procedure is easier and can be finished by complying with the steps furnished by the respective channels.

Characteristics of IndusInd Bank’s GST Payment Services

  1. Facilitation for the assessees with a hassle-free, anytime, anywhere tax payment mode
  2. Easy making GST payments online, ensuring a smoother transaction experience
  3. Quicker tax revenue remittance to the Government accounts for efficient fiscal management
  4. Paperless transactions, lessening the environmental footprint and promoting sustainability
  5. Speedy accounting and reporting for quick and transparent financial procedures
  6. Electronic reconciliation of all receipts, increasing accuracy and efficiency

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Super Tax Offer

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Big Offer for Tax Experts

Upto 20% Discount on Tax Software

    Select Product*

    Current GST Due Dates