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Category: Report on GST Payment Process

List of banks presently authorised in Centre & States (Annexure-VI)

Annexure VI List of Banks presently authorised in Centre and States S. NO. Name of Bank 1. ALLAHABAD BANK 2. ANDHRA BANK 3. BANK OF INDIA 4. BANK OF BARODA 5. BANK OF MAHARASHTRA 6. CANARA BANK 7. CENTRAL BANK OF INDIA 8. CORPORATION BANK 9. DENA BANK 10. INDIAN BANK 11. INDIAN OVERSEAS BANK […]

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Issue of charge back in CC /DC payment (Annexure-V)

Annexure V Issue of charge back in CC/DC Payment Under the charge back claim, a taxpayer after making payment through credit card may seek refund of the money till 60 days of the transaction. Usually such refunds can be sought under three scenarios: (i) Payment was made fraudulently by someone using the card of others; […]

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GST Challan Form (Annexure-IV)

Annexure-IV GST CHALLAN FORM   CPIN <<Auto Generated after submission of information>>   GSTIN <<Filled in/Auto populated>>       Date   Name <<Auto Populated>> Email address Mobile No. <<Auto Populated>> <<Auto Populated>> Address <<Auto Populated>>   Tax Liability             Tax Interest Penalty Others Total Government of India     […]

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List of Participants of the meeting held on 16th April, 2015 and 17th April, 2015 (Annexure-III)

Annexure-III LIST OF PARTICIPANTS OF THE MEETING HELD ON 16TH AND 17TH APRIL, 2015 Government of India Rashmi Verma, Additional Secretary (Revenue), Government of India Shri Manish Saxena, Additional Director, Director General of Systems, CBEC, Government of India Shri M.K. Sinha, Director (Central Excise), Government of India Shri Rajeev Yadav, Director (Service Tax), CBEC, Government […]

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Constitution of Sub-Committee on Payment Processes under GST (Annexure-II)

Annexure-II EMPOWERED COMMITTEE OF STATE FINANCE MINISTERS DELHI SECRETARIAT, IP ESTATE, NEW DELHI – 110002 Tel. No. 2339 2431, Fax: 2339 2432  e-mail: vatcouncil@yahoo.com, vatcouncil@gmail.com   No.15/45/EC/GST/2015/20                                                                            Date:  3rd February, 2015   SUB-COMMITTEE ON PAYMENT PROCESSES UNDER GST   During the meeting of the Joint Committee on Business Processes for […]

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Constitution of Joint Committee on Business Processes (Annexure-I)

Annexure-I EMPOWERED COMMITTEE OF STATE FINANCE MINISTERS DELHI SECRETARIAT, IP ESTATE, NEW DELHI – 110002 Tel. No. 2339 2431, Fax: 2339 2432  e-mail: vatcouncil@yahoo.com No.15/45/EC/GST/2014/32                                Date:  7th April, 2014 JOINT COMMITTEE ON BUSINESS PROCESSES FOR GST During the last Empowered Committee meeting held on 10th March, 2014, it was decided that a Joint Committee under […]

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CHALLAN FORMAT

CHALLAN FORMAT: e-Challan will remain the source document for the purpose of accounting and reconciliation by the accounting authorities of the Centre/States/UTs. The Office of C & AG has stressed upon the need for ensuring the availability of e-Challan for accounting and reconciliation purposes. A proper Challan format (Annexure -IV) that covers all the details […]

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Challan Correction Mechanism

Challan Correction Mechanism: In view of the presumptions listed above, the requirement of providing for a challan correction mechanism would be minimal though not completely ruled out. The Committee recommends for providing the correction mechanism in following situations:- ERROR IN GSTIN: This may happen in situations where the payment of tax is being made by […]

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Recording by Tax Authorities

Recording by Tax Authorities: After reconciliation and successful accounting of each payment, the transaction level data with unique accounting number, if required by a State Government (some governments have that practice) should be communicated by the Accounting Authorities to the Tax Department’s system for updating the records, which would finally contain following unique Ids for […]

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Resolution of Reconciliation Outcomes (discrepancies noted during the reconciliation process)

Resolution of Reconciliation Outcomes (discrepancies noted during the reconciliation process): There would be to and fro data transmission between GSTN, e-FPB of Authorized Banks, banks other than authorized Banks, RBI, Accounting Authorities and Tax Authorities. There is a scope of error occurring at each leg of communication. The process for reconciliation of such errors in […]

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