What is GST?
GST, Frequently Asked Questions
PENALTY MECHANISM FOR ERRING BANKS
79. At present, banks are subjected to penalty for delayed fund remittances only. Current system of remuneration to banks for collection of Central Excise, Service Tax and Customs duties is determined on the basis of challans. New parameters of bank performance could be developed, based on timely remittance and reporting of error- free data to all stakeholders. A system of incentives / penalties to be administered by the respective Accounting Authority (i.e. if defaults arise in remission of CGST/IGST/Additional Tax, by Accounting Authority of Centre and if defaults arise in remission of SGST, by Accounting Authority of the concerned state) can be built-in, based on a transparent evaluation mechanism of the quality of data of collection reported by banks for accounting and reconciliation purposes. The CGA has suggested that penalties for inaccurate reporting and delayed settlement of taxes is already in place in the case of Direct Taxes and the same may be put in place in GST regime. It is further recommended that a framework of desired features and validations at Banks for collection of taxes under GST regime should be devised by RBI in consultation with the Accounting Authorities. Any bank found not having built capabilities to adhere to the framework, should not be allowed to collect GST receipts. Due care should be taken so that discontinuities arising from manual interventions in the banks’ internal processes are removed. The Committee also recommends that, over a long term, Accounting Authority should develop a service quality rating for the participating banks based on identified transparent and quantifiable parameters.
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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
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Dispute settlement in international business
Export Promotion Councils and Commodity Boards, product wise
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The role of Reserve Bank of India
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Dimension details of 40’ Insulated container porthole type
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How to obtain GSP - Certificate of Origin?
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