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Reconciliation by GSTN

Para 11 - Draft-Bills-Reports - 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 f .....

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