https://www.taxtmi.com/article/detailed?id=6511 The proposal mandates electronic challans from the GSTN with a CPIN that converts to a CIN upon bank acceptance, prescribes three payment channels (online through authorised banks, over the counter at authorised banks subject to a ceiling, and RTGS/NEFT through any bank), and centralises fund and information aggregation with the RBI. The system limits post filing challan corrections, expands bank participation via RBI e Kuber, aims to simplify reconciliation through e scrolls, but curtails payment by book adjustments and export scrip debits and may complicate accounting by omitting jurisdictional codes on challans. en-us Sat, 07 Nov 2015 10:09:46 +0530 Sat, 07 Nov 2015 10:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6511 The proposal mandates electronic challans from the GSTN with a CPIN that converts to a CIN upon bank acceptance, prescribes three payment channels (online through authorised banks, over the counter at authorised banks subject to a ceiling, and RTGS/NEFT through any bank), and centralises fund and information aggregation with the RBI. The system limits post filing challan corrections, expands bank participation via RBI e Kuber, aims to simplify reconciliation through e scrolls, but curtails payment by book adjustments and export scrip debits and may complicate accounting by omitting jurisdictional codes on challans. Articles Goods and Services Tax - GST Sat, 07 Nov 2015 10:09:46 +0530 https://www.taxtmi.com/article/detailed?id=6511