GST Payment is Becoming Easing

In the process of minimizing of compliance burden and saving time for GST-registered persons, the GST Department is now on the same line of action as introduced by the Income Tax Department, and has introduced 1 more method of making GST Payments.

GST-registered persons have to discharge and deposit their GST Liability at the time of filing of GSTR-3B by using net banking, NEFT, and over-the-counter payment. Sometimes due to the busy schedule of dealers, they are not able to deposit GST Liability within the specified due date and have to bear interest and Late fee liability. But now, the GST Department has introduced 1 more method of making GST payments. Now, a GST-registered person can discharge their GST liability using the UPI Method. It reduces the time and compliance burden on GST registered persons and saves time for professionals also because when dealers pay GST liability hand to hand, they can file GST Return on the spot and will be a win-win situation for all - dealers, professionals, and the department also.

Regards

CA Shiv Kumar Sharma

MNo - 9911303737