top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What are the main features of India's GST payment process?

+1 vote
156 views
What are the main features of India's GST payment process?
posted Jun 26, 2017 by Vijay

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

The payment processes under GST Act(s) have the following features:

• Electronically generated challan from GSTN Common Portal in all modes of payment and no use of manually prepared challan;
• Facilitation for the tax payer by providing hassle free, anytime, anywhere mode of payment of tax;
• Convenience of making payment online;
• Logical tax collection data in electronic format;
• Faster remittance of tax revenue to the Government Account;
• Paperless transactions;
• Speedy Accounting and reporting;
• Electronic reconciliation of all receipts;
• Simplified procedure for banks
• Warehousing of Digital Challan.

answer Jun 27, 2017 by Sagar Sharma
...