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About Goods and Service Tax (GST)
ICICI Bank is an authorised bank for collection of gst. GST is a consumption-based tax.
Pay gst through your icici bank account through any of the below payment modes:
- Corporate internet banking (cib)
- Instabiz mobile app
- Icici bank branches through cash, cheque, demand draft & neft/rtgs
For more details, click on the gst e-booklet.
How to make Error-free GST Payments?
- Anyone can register gstin on cib
- Generate challan on gst.gov.in. Select icici bank as ‘preferred bank’ while generating challan to enable auto-fetch
- Auto-fetch challans on cib & make single/bulk payments in one click
GST payment process
Gst can be paid through icici bank, through both online and offline modes. Gst payment online can be done through icici bank corporate internet banking or the instabiz mobile app. Offline payment can be done by visiting an icici bank branch to pay over the counter through cash, cheque, demand draft and neft/rtgs.
Online Payment
Related GST Videos
Frequently Asked Questions about GST
On what value do we have to pay GST?
GST would be payable on the ‘transaction value’. Transaction value is the price actually paid or payable for the said supply of goods and/or services between un-related parties. The transaction value is also said to include all expenses in relation to the sale, such as packing, commission etc.
How do we claim an input tax credit on the GST?
For enabling a buyer claim input tax credit, the GST law inter-alia prescribes that the supplier should deposit the GST and file GST returns. Effectively, through this provision, the buyer of goods/services will have to ensure that all his/her vendors pay GST and file returns.
How will GST impact me as a service provider?
A service provider was required to pay the Service Tax and this amount was required to be paid to the Central Government. Going forward, in the GST regime, the service provider will have to pay the GST on services based on the ‘place of supply’. Also, registration requirement in GST, will be state-wise.
