In the digital age, financial transactions have undergone a significant transformation, with innovative technologies simplifying everyday processes. Two crucial aspects of modern financial dealings are withdrawing cash seamlessly from ATMs using Unified Payments Interface (UPI) and obtaining a Goods and Services Tax (GST) number for businesses. Let's delve into the step-by-step procedures for both these essential financial tasks.
How to Withdraw Cash from ATM using UPI:
With UPI revolutionizing the way we transact, withdrawing cash from ATMs has become more convenient than ever. Follow these steps to make a hassle-free cash withdrawal using UPI:
Access Your UPI-Linked App: Ensure your UPI-enabled mobile banking app is installed and linked to your bank account.
Select UPI Withdrawal Option: Locate the UPI Withdrawal or Cardless Cash Withdrawal option on your app.
Enter Withdrawal Amount: Specify the desired cash amount you wish to withdraw from the ATM.
Generate UPI Pin: Generate a UPI Pin through your app for the transaction.
Receive Transaction Code: Upon successful pin generation, you will receive a unique transaction code on your registered mobile number.
Visit UPI-Enabled ATM: Go to a UPI-enabled ATM and select the cardless withdrawal option.
Enter Transaction Code: Enter the transaction code received earlier.
Collect Cash: Once verified, collect the dispensed cash from the ATM.
How to Apply for GST Number:
Obtaining a GST number is a crucial step for businesses to comply with tax regulations. Here's a guide on how to apply for a GST number:
Visit GST Portal: Access the official GST portal (www.gst.gov.in).
Click on 'Services': On the homepage, click on the 'Services' tab and select 'Registration.'
Choose 'New Registration': Opt for 'New Registration' to initiate the application process.
Fill in Part A of Form GST REG-01: Provide details such as the legal name of the business, PAN, email, and mobile number.
Verification: Verify the application through an OTP sent to the registered mobile number and email.
Fill in Part B of Form GST REG-01: Complete the registration process by providing additional business details.
Upload Documents: Upload necessary documents, including PAN, proof of business registration, bank details, and address proof.
Submit Application: After thorough verification, submit the application.
Acknowledgment: Once submitted, you'll receive an acknowledgment in Form GST REG-02.
Verification by Authorities: The GST authorities will verify the application, and upon approval, you will be issued a GST number.
By following these comprehensive guides on how to withdraw cash from ATM using UPI and how to apply for GST number, you can streamline your financial transactions and ensure compliance with taxation regulations for businesses. Embrace the convenience of digital financial processes to navigate the modern financial landscape effectively.
