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Reconciliation by GSTN

Para 11 - Business Processes for GST - Payment - Goods and Services Tax - Para 11 - 101. GSTN through its IT system should carry out reconciliation in following two stages: a) When the banks report each successful transaction on real time basis, the IT system should validate the bank s message with reference to CPIN and total amount of the challan, and communicate the discrepancy, if any, immediately. This validation and real time response by GSTN is particularly relevant for Mode II and III for .....

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