REPORT OF THE JOINT COMMITTEE ON BUSINESS PROCESSES FOR GST ON GST PAYMENT PROCESS

Empowered Committee of State Finance Ministers

New Delhi

July, 2015

Sl.No.

Chapters 

1

Introduction

2

Payment by taxpayers through internet banking including Credit Card/Debit card

A.

Process involved in e-payment of GST

B.

Role to be played by each stakeholder

(i)

GSTN

(ii)

e- FPBs of authorised banks

(iii)

e-Kuber (Core Banking System) of RBI

(iv)

CAS

(v)

e-PAOs of Centre and e-Treasuries of State Governments

(vi)

Pr CCA, CBEC & Accountant General of States

3

Over the Counter payments through Authorised banks

A.

Process involved in OTC payments

B.

Role to be played by each stakeholder

(i)

Branch of authorised bank

4

Payment through NEFT / RTGS from any bank (including other than Authorised bank)

A.

Process involved in OTC payments

B.

Role to be played by each stakeholder

(i)

Branch of remitter bank

(ii)

RBI performing functions akin to authorized banks

5

Payment across departmental counters

6

Penalty mechanism for erring banks

7

Banking arrangements under GST

8

Accounting System under GST acquisitions

9

Proposed Accounting System under GST

10

Reconciliation of Receipts

11

Reconciliation by GSTN

12

Reconciliation by Accounting Authorities

13

Resolution of Reconciliation Outcomes (discrepancies noted during the reconciliation process)

First leg of communication of data

Second leg of communication of data

Third leg of communication of data

Fourth leg of communication of data

14

Recording by Tax Authorities

Challan Correction Mechanism

Challan Format

Constitution of Joint Committee on Business Processes (Annexure_I)

Constitution of Sub_Committee on Payment Processes under GST (Annexure_II)

List of Participants of the meeting held on 16th April, 2015 and 17th April, 2015 (Annexure_III)    

GST Challan Form (Annexure_IV)

Issue of charge back in CC /DC payment (Annexure_V)    

List of banks presently authorised in Centre & States (Annexure_VI)