Payment Process
- Only electronically generated Challan from GSTN for all 3 modes of payment;
- Unique 14-digit Common Portal Identification Number (CPIN) for each challan;
- Challan can be generated by Taxpayer, authorized representative or Departmental officers;
- Single challan for all four types of taxes;
- System of Electronic Cash Ledger on GSTN for each taxpayer;
- RBI to act as aggregator and anchor of flow of fund and information about receipts;
- Automation and transparency in flow of information;
- E-scroll (statement of tax payment) facility will be provided by RBI.
- Use of only system generated challans – no re-digitization in the entire work flow
- CPIN to be generated by GSTN – to be used as a key identifier up till receipt by Bank
- CIN to be generated by collecting Bank – to be used as a key identifier
- Accounting Authorities to play a paramount role in reconciliation
- Accounting on the basis of RBI data,
- Reconciliation on the basis of GSTN and bank data