How many NEFT transactions can be made per day for GST Challan Payment ? There is no limit imposed by GST. However, there may be a limit on transactions imposed by your bank so do check the limit with your bank. Related Topic on GST Challan Make GST Challan Make GST Payment Track GST Payment Status … Read More »
Which banks would come under NEFT/RTGS Mode for GST Challan Payment ? The list of bank branches participating in the NEFT system is available on the website of the Reserve bank of India. https://rbi.org.in/scripts/Bs_viewcontent.aspx?Id=112 Related Topic on GST Challan Make GST Challan Make GST Payment Track GST Payment Status GST Challan FAQ GST Challan : All… Read More »
What should be done in case I have misplaced the Unique Transaction Reference (UTR)? Contact the customer care of your bank to get the UTR. Related Topic on GST Challan Make GST Challan Make GST Payment Track GST Payment Status GST Challan FAQ GST Challan : All That you needs to Know – Process and… Read More »
What is the necessity of providing the UTR Number to GSTN and within what duration must a taxpayer upload it? UTR will be used for reconciling the NEFT/RTGS transaction with the RBI. UTR has to be linked if the payment status has not been updated on the GST Portal within 2 hours of making the… Read More »
Can I make two or more RTGS/NEFT payments for a single CPIN? No, you need to make one NEFT payment for a single CPIN. In case you have funds in more than one account, you can either transfer funds to one account and then make a single payment. Alternatively, you can generate separate Challans, breaking… Read More »
Whether funds can be transferred to the GST accounts using NEFT/RTGS at any time on any day? Since this is an offline mode of payment, RTGS/NEFT payments can be made only during your bank branch’s banking hours. Related Topic on GST Challan Make GST Challan Make GST Payment Track GST Payment Status GST Challan FAQ GST… Read More »
Do we need to make a payment to a separate account for paying through the NEFT/RTGS Mode? No, you don’t need to make payment to any separate account for paying through the NEFT/RTGS Mode. You can issue a cheque directly in favour of ‘YOURSELF FOR NEFT’ for NEFT or ‘YOURSELF FOR RTGS’ for RTGS along… Read More »
Is there any limit on the amount that could be transferred using NEFT/RTGS for a GST payment? As per current regulations, NEFT can be done for any amount more than 0 (you can even transfer INR 1.00) but NEFT does carry a maximum limit of INR 1,99,999 in many banks. RTGS can be done for… Read More »
If a payment is not made successfully how will the debited amount be credited to the taxpayer’s account? In such cases, contact the bank from where the funds were transferred using NEFT/RTGS. Related Topic on GST Challan Make GST Challan Make GST Payment Track GST Payment Status GST Challan FAQ GST Challan : All That you… Read More »
What is Unique Transaction Reference Number? Unique Transaction Reference (UTR) Number is a unique reference number provided by the user’s bank for each NEFT/RTGS transaction made by the account holder. Related Topic on GST Challan Make GST Challan Make GST Payment Track GST Payment Status GST Challan FAQ GST Challan : All That you needs to… Read More »