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of <h1>Proposed GST regime allows OTC payments via authorized banks for taxpayers without internet, with a 10,000 limit per challan.</h1> The proposed GST regime includes Over the Counter (OTC) payments through authorized banks, aiding taxpayers without internet banking. Taxpayers generate a challan via GSTN, choosing payment by cheque, demand draft, or cash, with a 10,000 limit per challan. The challan, featuring a Unique Common Portal Identification Number (CPIN), is valid for seven days. Authorized banks must upgrade IT systems to handle GST receipts, ensuring real-time data sharing with GSTN. Transactions are acknowledged with a Bank Transaction Number (BRN) and Challan Identification Number (CIN). Stakeholders include GSTN, RBI, and tax authorities, ensuring seamless payment processing and reconciliation.
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