Question 4 - What are the main features of GST payment process? - Faq On GST (2nd Edition) Dated 31.3.2017

Q 4. What are the main features of GST payment process? Ans. 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.