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RECONCILIATION OF RECEIPTS

Para 10 - Draft-Bills-Reports - Business Processes for GST - Payment - Report on - Business Processes for GST - Payment - [April 2015] - Para 10 - : 97. Well-developed and stabilized IT systems without manual process discontinuities in banks, RBI and .....

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ntegration. Even in the post stabilization phase, some errors may be seen due to problems external to the IT systems, e.g., in the public network used for sharing the data. A process and standard operating procedure for handling the errors, if they a .....

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being used for payment of taxes to the Government. This shift is aimed at establishing a convenient, consistent and efficient payment process for the tax payers as well as for the 37 governments simultaneously. This shift is possible in view of curre .....

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hat challan data can be trusted for its correctness for its contents, as filled in by the taxpayer. b) The challan thus generated on GSTN portal will provide a unique Id (CPIN) which would be used uptill the time payment has been received by the bank .....

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an data, as recorded by the taxpayer, by any agency in their part of the workflow. d) Any agency handling the payment process will merely add its unique Id and parameter to the basic data received by it from another agency earlier in the work-flow ch .....

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nsibility for information flow to various agencies whereas RBI will have the primary anchor s role in relation to funds flow, information flow about receipts and correction of discrepancies noticed during reconciliation process. g) e-Scroll from RBI .....

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