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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
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