https://www.taxtmi.com/news?id=15078 The proposed GST payment system requires electronic challan generation on the GSTN which issues a unique CPIN; banks report successful receipts by creating a CIN that embeds the CPIN and transmits real time confirmation strings to GSTN. RBI, acting as aggregator through e Kuber, consolidates daily luggage files into digitally signed e scrolls for each tax head and forwards them to GSTN and Accounting Authorities on T+1 for automated accounting and reconciliation. The model prescribes standardized electronic interfaces, mandatory IT capabilities for authorized banks, 39 tax accounts, and a MOE process for resolving reconciliation discrepancies. en-us Mon, 12 Oct 2015 14:36:51 +0530 Wed, 11 Feb 2026 15:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15078 The proposed GST payment system requires electronic challan generation on the GSTN which issues a unique CPIN; banks report successful receipts by creating a CIN that embeds the CPIN and transmits real time confirmation strings to GSTN. RBI, acting as aggregator through e Kuber, consolidates daily luggage files into digitally signed e scrolls for each tax head and forwards them to GSTN and Accounting Authorities on T+1 for automated accounting and reconciliation. The model prescribes standardized electronic interfaces, mandatory IT capabilities for authorized banks, 39 tax accounts, and a MOE process for resolving reconciliation discrepancies. News - Mon, 12 Oct 2015 14:36:51 +0530 https://www.taxtmi.com/news?id=15078