Challan Payment- An Overview
Challan Payment
A challan is a document or form used to make a payment. In the context of GST, taxpayers are required to use GST Challan for making payments related to GST liabilities.
When a business needs to make a payment towards its GST liabilities, it initiates the process by filling out a GST Challan.
The GST Challan contains information such as the amount to be paid, the type of tax (Central Goods and Services Tax or CGST, State Goods and Services Tax or SGST, Integrated Goods and Services Tax or IGST), and other relevant details.
After filling out the challan, the taxpayer can make the payment through online banking.