How to track GST Payment status GST Payment Failures

As a small or medium business owner, it is crucial to keep track of your GST payment status and ensure timely payments to avoid any penalties or legal issues. In this article, we will provide you with a step-by-step guide on how to track your GST payment status and what to do in case of GST payment failures.

Step 1: Check GST Payment Status Online

The first step to track your GST payment status is to visit the GST Portal and login using your credentials. Once you are logged in, follow these steps:

Click on the 'Services' tab and select the 'Payments' option from the dropdown menu.
Click on the 'Track Payment Status' option.
Enter the relevant details, such as the challan number, GSTIN, and date of payment.
Click on the 'Track Status' button to view your GST payment status.

If your GST payment is successful, the portal will display the transaction status as 'PAID.' If your payment fails, the portal will display the transaction status as 'FAILED.'

Step 2: Reasons for GST Payment Failures

There can be several reasons why your GST payment might fail. Some of the common reasons include:

Insufficient balance in your bank account
Incorrect bank details or IFSC code
Technical issues on the GST Portal or bank server
Incorrect GSTIN or challan number

If your GST payment fails, the portal will display the reason for the failure. In case you do not see any reason mentioned, you can contact your bank or the GST Helpdesk for assistance.

Step 3: Steps to Follow if GST Payment Fails

If your GST payment fails, do not worry. You can follow these steps to ensure that your payment is successfully processed:

Check your bank account balance and ensure that there are sufficient funds for the payment.
Verify the bank details and IFSC code entered in the GST Portal.
Check if there are any technical issues on the GST Portal or bank server. If yes, wait for some time and try again later.
Verify the GSTIN and challan number entered in the GST Portal.
If the payment fails due to technical issues, you can try making the payment again after some time.
If the payment fails due to insufficient funds, you can add funds to your bank account and try making the payment again.
If the payment fails due to other reasons, you can contact your bank or the GST Helpdesk for assistance.

Once you have followed these steps, you can re-initiate the payment process by logging in to the GST Portal and clicking on the 'Payments' option. Enter the relevant details and click on 'Generate Challan' to generate a new challan. Follow the instructions on the screen to make the payment.

Conclusion

Tracking your GST payment status is an essential task for every small or medium business owner. By following the steps mentioned above, you can easily track your GST payment status and ensure that your payments are made on time. In case of GST payment failures, do not panic. Follow the steps mentioned in this article and re-initiate the payment process to ensure that your payment is successfully processed.