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For NEFT or RTGS, you create the challan choosing this mode and download the mandate form. You then pay from any bank, using the challan details as beneficiary information. The credit reaches your cash ledger after the bank reports it.
GST
Paying GST by NEFT or RTGS from the bank
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Provisions
Rule 87, CGST Rules 2017
Analysis
The mandate form gives the beneficiary name, account number as the CPIN and the IFSC of the Reserve Bank of India. Example: a firm pays Rs 3 lakh by RTGS on 19 October; CIN may come after the bank's settlement. Pay early on the due date, because late-evening transfers may credit the next working day.
Close
- Select NEFT or RTGS while creating the challan
- Download the mandate form
- Pay through your bank using those details
- Check the CIN and cash ledger credit
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