Process of BRN,CIN,CPIN by RBI and Government on GST fund transfer

 

 

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Process of BRN,CIN,CPIN by RBI and Government on GST fund transfer


Process of BRN,CIN,CPIN by RBI and Government on GST fund transferIn view of these fundamental changes, the key Id for information exchange with banks and RBI should use the unique Id generated by GSTN, i.e., CPIN. Once the payment has been made by the taxpayer and CIN is generated and reported by the recipient bank along with its transaction number (BRN), CIN which has CPIN embedded there in, would be used as key Id in subsequent stages. CIN is recommended to be used as a key Id as it is the sole indicator of the receipt of actual payment. Similarly, the transaction reported by RBI for the funds flow (credit) to government accounts through the e-scrolls should form the basis for accounting as it reflects the actual credit in the Government Accounts.

 

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