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What are the main features of GST payment process?

The payment processes under proposed GST regime will have the following features:

  •  Electronically generated challan from GSTN Common Portal in all modes of payment and no use of manually prepared challan;
  •  Facilitation for the taxpayer by providing hassle
    free, anytime, anywhere mode of payment of tax;
  • Convenience of making payment online;
  • Logical tax collection data in electronic format;
  •  Faster remittance of tax revenue to the Government Account;
  •  Paperless transactions;
  • Speedy Accounting and reporting;
  • Electronic reconciliation of all receipts;
  • Simplified procedure for banks;
  • Warehousing of Digital Challan.