Functions of e FPBs of Banks in GST tax payments




What is Goods and Service Tax (GST)

GST, frequently asked Questions



Functions of e FPBs of Banks in GST tax paymentsThere would be a single e-FPB for each Authorized bank for the entire country. It will perform the following role:


a) Each e-FPB will open a major head wise (CGST, IGST, Additional Tax and SGST) account of each government (total 39 accounts) to which the remittances received by it would be credited. Currently, the Constitutional Amendment Bill states that the Additional Tax will be collected by Centre and assigned to States. If this arrangement is continued, the e-FPB will maintain one account for Additional Tax for Centre. A Committee has been constituted by the EC to examine the operational issue of Additional Tax and if it is decided that this tax will be collected by the respective State Government and retained by them, separate accounts for every State will have to maintained for Additional Tax also, on the lines of SGST;


b) Sending real time data regarding successful completion of payment transaction by the taxpayer (CIN);


c) At the end of each day (T+1), each e-FPB will be responsible for preparing daily luggage files Major Head wise (CGST, IGST, Additional Tax and SGST) for each government detailing receipts from all modes of payments on a particular day (including nil payment days) and forwarding it to RBI in the morning. Each luggage file will have a Unique Serial Number which will be a running serial number extending through a financial year which will facilitate identification of missing files. This luggage file number will become part of the electronic file. For operational purposes such as size of the file, it may be broken up into different parts with each part being numbered uniquely and also mentioning the total number of parts of that file;


d) In the morning of each day (T+1), each e-FPB will also forward the daily luggage file mentioned above to accounting authorities of the Centre and the respective State, in case their accounting authorities so desire, so that they can independently monitor delayed remittances, if any, from the banks to the Government account in RBI;


e) On the first day of every month, e-FPB will provide Datewise Monthly Statements (DMS) for each tax and government separately to RBI for the preceding month with following details:


i) Name of Tax;


ii) Government Name;


iii) Datewise number of successful transactions and total credit reported to RBI; and


iv) List of discrepancies remaining unresolved at the end of the report month (MOE UIN, CIN, BRN, Amount, Nature of discrepancy).


These statements will be simultaneously communicated to the respective Accounting Authorities, if they desire so.


Each authorised bank should have one or more service branch in each State to serve as GST help desk and to receive queries / e mails to resolve the issues from Taxpayers, Tax Authorities and Accounting Authorities.



Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Modes of payment for GST payments

GST payment through Internet Banking

How to pay GST through NEFT RTGS

GST collection Banks

How to pay GST tax through Bank?

Cash, Cheques or DD payment under GST, Goods and Service Tax

GST payments, list of Banks authorised in Centre and States

GST payment errors between GSTN and RBI

Double payment error in GST tax payments

Challan Format of GST Tax payment

GST Tax payment, error in Total amount, How to solve?

GST Tax payment error in major head, how to solve?

GST Tax payment error in GSTIN

GST tax paid but no SMS confirmation or credit in ledger

Error in GST receipts under transaction reported to RBI

GST tax accounting code for CGST,SGST,IGST and Additional Tax

Details of Challan for GST Tax payment

How many major heads of accounts in GST Tax

GST Payment across departmental counter

Co-ordination of GSTN with RBI on GST payments

The details of NEFT or RTGS form for GST payment

GST Payment through NEFT/RTGS from any bank (including other than authorized banks)

GST payments of Cheque or DD from another bank

GST payment by Cash and same bank Cheque or DD

Validity period of Challan under GST tax payments

How many copies of challans for GST tax payment?

How does Bank work on GST tax payment?

How to pay GST tax through Bank?

Cash, Cheques or DD payment under GST, Goods and Service Tax

GST tax payment through Bank counter

Procedures of GST payment through Internet Banking

Modes of GST payment

How to fill GST tax challan online?

GST tax payment through internet banking, debit card, credit card and authorized banks

e-Kuber System payment for GST

Types of Challan in GST payments 


Posts related to International Trade training:

How to export your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Disadvantages of Letter of credit (LC) for Exporter
Foreign Trade Agreements of India
Mode of payments in international trade
Packing credit loan to Indian Exporters
What is Bank Guarantee to customs in Import
What happens, if Bank not received money from buyer after discounting of export bills?
How to make DA mode of payment safe
How does Letter of Credit work?
Procedures to file IGM (Import General Manifest)
What happens if Date difference in HBL & MBL
Difference between normal dry container and Insulated Container
How to import CERAMIC Products
Tips to import Mica, Articles Of Stone,Cement, Asbestos
The role of Reserve Bank of India
When can an exporter release bill of lading from shipping company?
How to avoid delay in receiving OBL Original Bill of Lading?
How to cover the risk of Cargo loss or damage
LC advantage importer
Import General Manifest (IGM)
Is Risk Management System (RMS) simplify import? What is RMS in import.
Procedures under Re-exports
The Role of the International Chamber of Commerce (ICC)
Tips to exporters on Documentation
Government rules to import Wool, Fine animal hair, coarse animal hair
Govt Policies to import Silk, Yarns and woven fabrics
Difference between general dry container and open side Container
How to minimize import cargo clearance time? An open logic proposal to WTO
How to import Prepared Feathers, Human Hair, Artificial Flowers
Is Received for shipment Bill of Lading sufficient for LC negotiation?
What happens if overseas buyer not paid export bills discounted.


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers