The Joint committee set up for the formulation of the GST payment process has come out with its report which identifies six important stake holders. The report which has been finalized in mid-2015 clearly defines and stipulates the responsibility of each stake holder in the GST payment process. Here is a brief account of the same.
- GSTN: The GST Network is the common interface between tax payers, tax authorities, authorized banks, RBI, and accounting authorities. GSTN will generate the challan along with the common portal identification number or CPIN. It is a unique 14 digit number starting with yymm and followed by 10 digit serial number which will be initialized every month. The GSTN will facilitate the e-payments and also receive real time data from the e-FPBs of each authorized bank. It will generate the receipt containing the branch reference number (BRN) of collecting bank and RBI scroll number for the taxpayer. GSTN will also generate the consolidated file containing the details of the challans for which the successful transactions were reported on a daily basis.
- Electronic focal point branches or e-FPBs of authorized banks: Each authorized bank would have a single e-FPB for the entire country. The e-FPB will credit the remittances received by it into major head wise accounts – CGST, IGST, Additional tax, and SGST accounts of each government. There will be 39 accounts in total. Each e-FPB will prepare major head wise luggage files having details of the receipts from all modes of payment and forward it to RBI on daily and monthly basis.
- Core banking system or e-kuber of RBI: On receipt of the consolidated luggage files from the authorized banks, the RBI will debit their accounts and credit the respective CGST, IGST, Additional tax, and multiple SGST accounts. The RBI would be sending the digitally signed e-scrolls containing tax payment information, to e-PAO, e-treasury and GSTN simultaneously.
- Central accounts section or CAS of RBI, Nagpur: It reports the daily consolidated credits and debits to each government and accounting authority. It includes the inter-governmental transactions. GST credits will be one of the items reported by them in its daily statement and will be identified by the scroll number generated by RBI.
- Electronic pay and account offices or e-PAOs of Centre and e-Treasuries of State governments: They will responsible for reconciliation of information received from GSTN, RBI, and e-FPB. This information will be in the form of consolidated challans, e-scrolls, and reconciliation statement of GSTN with the banks. They will provide the date-wise monthly statement to Pr. CCA, CBEC and accountant general of states. They will also receive Taxpayer master form the respective tax authorities which will be updated on real time basis. The accounting authorities will use the master to map the challan details with the jurisdictional PAOs.
- Principal Chief Controller of accounts (Pr. CCA, CBEC) and accountant general of states: They will be responsible for the reconciliation of daily and monthly data statements received from CAS,RBI and e-PAO and e-treasuries of the states. The office of the Pr. CCA, CBEC will consolidate the total collection and forward it to the office of CGA.