The payment process involves the following steps: Calculation of GST liability: A taxpayer must calculate the amount of GST liability based on the applicable GST rates and the value of taxable goods or services supplied during a particular tax period. Preparation of Challan: The taxpayer needs to prepare a GST challan by providing details of the amount of tax payable under different heads (CGST, SGST/UTGST, and IGST). The GST challan can be generated online on the GST portal. Payment of GST: The taxpayer can make the payment using the various payment modes available on the GST portal, such as internet banking, credit/debit cards, or over-the-counter payment in authorized banks. Filing of GST returns: Once the GST payment is made, the taxpayer needs to file their GST returns accurately and on time.

It is important for businesses to make timely GST payments and file their returns to avoid penalties and interest charges. The GST portal provides various tools and resources to help taxpayers in calculating their GST liability, generating GST challans, and making GST payments.

In addition, businesses can also opt for the GST composition scheme if their turnover is below a certain threshold. Under this scheme, taxpayers are required to pay a fixed percentage of their turnover as GST instead of calculating their actual tax liability. However, businesses under the composition scheme are not eligible for input tax credit and have to file simplified GST returns.