To facilitate the taxpayer registered under GST with more methods of payment, two
new facilities of payment have now been provided under e-payment in addition to net-banking.
The two new methods are Cards and Unified Payments Interface (UPI). Cards facility includes
Credit Card (CC) and Debit Card (DC) namely Mastercard, Visa, RuPay, Diners(CC only)
issued by any Indian bank.
Payment through CC/DC/UPI can be made through Kotak Mahindra Bank irrespective
of CC/DC issued by any Indian bank. Other banks are in the process of integration. At present
the facility is available in 10 states like Assam, Delhi, Goa, Gujarat, Haryana, Odisha, Maharashtra, Madhya Pradesh, Kerala, and Himachal Pradesh. The other states are expected to join soon.
Quick Steps are as follows:
A critical aspect that taxpayers need to be cognizant of is the transaction charges associated with this payment mode. Depending on the payment channel and card type, these charges vary. For instance, Kotak Mahindra Bank, one of the participating banks, has a structured fee system. Users should be aware that GST will be levied at 18% on these charges, making it essential to factor them into their payment considerations.
Payment Gateway Charges – Kotak Mahindra Bank*
| Payment Channel | Type | Amount (₹) | User Charges |
| UPI | – | Any | Nil |
| Debit Card | Rupay | Any | Nil |
| Debit Card | Visa/Mastercard | <= 2,000 | 0.30% plus GST |
| Debit Card | Visa/Mastercard | > 2,000 | ₹15 per transaction plus GST |
| Credit Card | Visa/Mastercard/Rupay | Any | 0.78% plus GST |
##GST will be levied @ 18%.
This strategic move by GSTN not only aligns with the digital transformation wave but also offers taxpayers a more flexible and convenient means of fulfilling their GST obligations. As this service is likely to expand to more states in the future, it becomes imperative for businesses and individuals to stay informed about the applicable charges and procedural nuances. Navigating the world of GST payments is evolving, and embracing digital payment options is a testament to the continual efforts to simplify financial processes for the benefit of all taxpayers.
