The major features of the proposed payments procedures under GST are as follows:

i.            Electronic payment process- no generation of paper at any stage

ii.            Single point interface for challan generation- GSTN

iii.            Ease of payment - payment can be made through online banking, Credit Card/Debit Card, NEFT/RTGS and through cheque/cash at the bank

iv.            Common challan form with auto-population features

v.            Use of single challan and single payment instrument

vi.            Common set of authorized banks

vii.            Common Accounting Codes

END of Part 5 of GST