1 Goods & Services Tax Payment Process E-course on GST

CA. RAJAT MOHAN F.C.A., A.C.S., D.I.S.A. Certificate Course on Indirect Taxes Certificate Course on Forensic Accounting and Fraud Prevention Past- Deputy Convener for GST Research Study Group of NIRC of ICAI Past-Member of Study Material Research Group of NIRC of ICAI. Awarded upcoming speaker of the year by NIRC of ICAI in April, Written many books including a book on GST(4 th edition) published by Bharat Law house. Over 100 articles published on tax matters(including GST) by TAXMANN, STR, VSTC, Indraprashtha Vyapar, Suchita times, Service Tax Review NIRC Newsletter, The Chartered Accountant Journal etc. Conducted seminar/workshops for professionals and students on ‘GST’ for Study circles, Nirc of ICAI, NIRC of ICSI, Young member committee of ICAI, Department of Commerce (Kurukshetra University), VIPS college. 2

Introduction  Report of the Joint Committee on Business Processes for GST on GST Payment gave this report on April,  This report runs into over 80 pages, covering the mechanism & accounting system with respect to Central Government, State Government, RBI and other government agencies. This report would not be of general use, thereby I have carefully omitted the facts that need technical assistance to understand. 3

Features (a)Electronically generated challan from GSTN Common Portal; (b)Paperless transactions; (c)Electronic reconciliation of all receipts; (d)Simplified procedure for banks; 4

Modes of payment (a)Internet Banking, credit card and Debit card (b)Over the Counter payment (OTC) through authorized banks(upto Rs. 10,000/- per challan) (c)Payment through NEFT/RTGS from any bank (including other than authorized banks) (d)Payment by Departmental Counter: 5

6 THANK YOU Your comments and suggestions are of utmost importance and are always welcomed. Contact person: CA Rajat Mohan 18A, IInd Floor, North Avenue Road, West Punjabi Bagh, New Delhi Website: