Recording by Tax Authorities on GST payments

Recording by Tax Authorities on GST payments


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Recording by Tax Authorities on GST payments122. After reconciliation and successful accounting of each payment, the transaction level data with unique accounting number, if required by a State Government (some governments have that practice) should be communicated by the Accounting Authorities to the Tax Department’s system for updating the records, which would finally contain following unique Ids for each receipt:

 

a) CIN;

 

b) GSTIN;

 

c) Bank Transaction Number (BRN);

 

d) RBI Transaction Number;

 

e) Accounting Entry ID Number/confirmation flag.

 

The presence of all the above mentioned five fields would constitute the assurance for credit to the government account with RBI, and the reconciliation and accounting in the government books.

 

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