How to Make GST Payments via UPI and Debit/Credit Card Through Axis and Karnataka Banks: A Complete Guide for 17 States/UTs

By: Admin|August 06, 2024|Categories: GST Portal Updates|Important News

On August 6, 2024, the Goods and Services Tax Network (GSTN) announced an important update for taxpayers across India. This update allows GST payments to be made through the payment gateways of Axis Bank and Karnataka Bank, using UPI and Debit/Credit Cards. This enhancement aims to simplify the payment process for taxpayers, ensuring that compliance with GST regulations is more accessible than ever.

Overview of the GST Payment Update

The new payment options introduced by GSTN cover a total of 17 States and Union Territories (UTs), facilitating a seamless payment experience for businesses and individuals alike. With the option to pay via UPI and cards powered by Rupay, MasterCard, Visa, and Diners, taxpayers can now choose the most convenient method for settling their GST dues.

List of States/UTs Covered

The update applies to the following States and UTs:

  1. Assam
  2. Delhi
  3. Goa
  4. Gujarat
  5. Haryana
  6. Himachal Pradesh
  7. Jammu & Kashmir
  8. Jharkhand
  9. Karnataka
  10. Kerala
  11. Madhya Pradesh
  12. Maharashtra
  13. Odisha
  14. Rajasthan
  15. Tripura
  16. Uttar Pradesh
  17. West Bengal

This update signals the government’s commitment to making GST compliance easier and more efficient for taxpayers throughout these regions.

Payment Options Available

Taxpayers can now utilize various methods to make their GST payments through the Axis Bank and Karnataka Bank payment gateways. The available payment options include:

  • UPI Payments: Unified Payments Interface (UPI) has emerged as a popular payment method in India due to its convenience and speed. Taxpayers can make payments using any UPI-enabled application.
  • Debit/Credit Card Payments: Payments can be made using Debit and Credit cards powered by Rupay, MasterCard, Visa, and Diners. This includes partnerships with major banks such as Kotak Mahindra Bank (UPI only), HDFC Bank, Axis Bank, and Karnataka Bank.

How to Make GST Payments via UPI and Debit/Credit Cards

Here’s a step-by-step guide on how to make your GST payments using these newly introduced methods.

Step 1: Visit the GST Portal

  • Navigate to the official GST portal: www.gst.gov.in.
  • Log in using your credentials (GSTIN, username, and password).

Step 2: Navigate to the Payment Section

  • Once logged in, go to the ‘Services’ menu.
  • Click on ‘Payments’ and select ‘Create Challan’.

Step 3: Fill in the Required Details

  • Choose the type of payment you want to make (GST, late fee, etc.).
  • Enter the amount and other required details.

Step 4: Choose Payment Method

  • After filling in the details, select ‘UPI’ or ‘Debit/Credit Card’ as your preferred payment option.
  • If choosing UPI, you will be prompted to select your UPI app.

Step 5: Complete the Payment

  • Follow the on-screen instructions to complete the payment through your chosen method.
  • You will receive a confirmation message once the payment is successful.

Benefits of the New Payment Methods

The introduction of UPI and card payments through Axis and Karnataka Banks offers several benefits for taxpayers:

  1. Convenience: Payments can be made anytime, anywhere, without the need for physical visits to banks.
  2. Speed: UPI transactions are processed instantly, reducing waiting times.
  3. Accessibility: These payment options cater to a broader audience, including small businesses and individuals who may not have traditional banking facilities.
  4. Enhanced Security: Transactions through reputable banks and payment gateways ensure secure payment processing.

Future Developments

The GSTN has indicated that additional banks and payment methods will be covered soon, enhancing the payment ecosystem for GST compliance. This will provide even more options for taxpayers, making it easier to manage their GST obligations.

Conclusion

The recent update by GSTN to allow GST payments via UPI and Debit/Credit cards through Axis Bank and Karnataka Bank is a significant step towards simplifying tax compliance in India. With this new feature, taxpayers in 17 States and UTs can enjoy a more efficient and user-friendly payment experience.

Stay tuned for further updates as more states and banks will be included in this initiative. By leveraging these new payment methods, you can ensure that your GST payments are made promptly and securely.

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