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Expertmile Admin Expertmile Technologies private limited, Admin

3 years ago


 What is RBI’s role in Goods and Service Tax regime?

Answer

The tax payer access the GST portal and generate e-challan. The GST portal gives a unique number called Common Portal Identification Number (CPIN). The tax payer can effect payment through internet banking/debit/credit cards/NEFT/RTGS or download print the challan in case off Over the Counter (OTC) payment. After receipt of payment, A Challan Identification Number (CIN) is generated by the respective banks which will be shared with tax payer and GST portal. The funds are settled by agency banks with RBI along with the transaction (Challan) details. RBI also accept tax payment directly through NEFT/RTGS.


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