TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Department of Revenue Introduces E-Payment System for Refunds via RTGS/NEFT to Boost Efficiency and Minimize Delays.</h1> The circular from the Department of Revenue outlines the implementation of e-payment for refund/rebate claims to enhance efficiency and reduce delays. It mandates the use of RTGS/NEFT through authorized banks, primarily State Bank of India branches, for direct fund transfers to beneficiaries' accounts. Claimants must provide a one-time bank-certified authorization. The refund sanctioning authority will periodically send a signed statement of sanctioned orders and a consolidated cheque to the bank, which will credit the amounts after deducting applicable charges. The process includes reconciliation through UTR reports and periodic scrolls to ensure accurate disbursal and address discrepancies.
TaxTMI 
TaxTMI 
