Circular regarding Accounting Framework for new Goods and Services Tax (GST) regime
F.12(5)FD\/Tax\/2017-59 Dated:- 30-6-2017 Rajasthan SGST – Circular
GST – States
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\n=============
\nDocument 1
\nNo. F.12(5)FD\/Tax\/2017-59
\nGovernment of Rajasthan
\nFinance (Tax) Department
\nCircular
\nJaipur Dated: 30-06-2017
\nIn accordance with the guidelines of the Government of India, regarding accounting framework
\nfor new Goods and Services Tax (GST) regime, a detailed accounting and reconciliation
\nmechanism for executing the new processes in the state is required to be framed. The core
\nstakeholders of this mechanism in the State will be Finance Department, e-Treasury, Directorate
\nof Treasuries and Accounts, Commercial Tax Department and the office of Accountant General,
\nRajasthan. Apart from the State, the other stakeholders will be GST Portal of GSTN (Goods and
\nServices Tax Network Ltd under the aegis of GOI, GSTN (pvt ltd)) and Reserve Bank of India.
\nIn this accounting frame<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n India from 1st July, = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e-Kuber = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n no. 8. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Cash Ledgers will be maintained GSTIN = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n system of accounting authorities (e-Treasury) = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n \n4 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n hereafter based on uploading = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n provisional sanction order = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n wing manners: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e Accounting Authority would sign the MoE file = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n the lists of accounts attached at Annexure-E will be = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n nce (Tax) for this purpose. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n RGST Act, 2017 and CGST Act 2017, DDOS\/ Government = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 111007 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n of GSTIN, CIN (i.e. CPIN + Bank Code), BRN(s), Challan amount, break- = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n AUTHORIZED BANKS: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n overnments) per day (including NIL payment day) after including the amount = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n le received from RBI will be in XML format and will be communicated = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n n data; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ll from RBI and Challans (CPIN & CIN) from GST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n l CINs in = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n MS system for e-payment. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n orted in GST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n t the data in the following format to GST Portal : = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e & Challan wise) = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n sury again in = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Circular regarding Accounting Framework for new Goods and Services Tax (GST) regimeF.12(5)FD\/Tax\/2017-59 Dated:- 30-6-2017 Rajasthan SGST – CircularGST – StatesPDF DOWNLOAD ============= Document 1 No. F.12(5)FD\/Tax\/2017-59 Government of Rajasthan Finance (Tax) Department Circular Jaipur Dated: 30-06-2017 In accordance with the guidelines of the Government of India, regarding accounting framework for new Goods and Services Tax … Continue reading “Circular regarding Accounting Framework for new Goods and Services Tax (GST) regime”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6806","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6806"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6806\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n2017.
\nNIC as an executing agency of e-GRAS will be responsible to develop complete backend
\nprocesses in the system and execute integration of e-GRAS\/ IFMS with GSTN and e-Kuber,
\nRBI. Commercial Tax Department and Directorate of Treasuries and Accounts will be Nodal
\nDepartments for providing domain assistance to NIC and for handling issues related to change
\nmanagement of new GST accounting framework. Detailed outlines for the new system of GST
\naccounting will be as under:-
\n1. Major Stake holders in GST accounting (role of stakeholders is attached at Annexure-
\nA) –
\na. Accountant General Office (A&E), Rajasthan
\nb. State Accounting authority- e-Treasury officer, Directorate of Treasuries and Accounts
\nand DTA
\nc. GST Portal – Goods and Sercive Tax Portal under the aegis of GOI, GSTN (pvt ltd)
\nd. Reserve Bank of India – e-Kuber Portal, RBI
\ne. Tax Authorities- Commercial Tax Departement, Rajasthan
\nf. Finance (Revenue\/ Tax\/ TRC) Department
\ng. Banks-Partici<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nb) In GST, CIN – Serial Numbers will be on monthly basis and same serial number is
\nfollowed for all banks. Running serial numbers for scroll Financial Year wise will
\nbe provided in scrolls.
\nc) Daily major head wise scrolls from banks (from the consolidated electronic data)
\nwill be provided to RBI e-Kuber.
\nd) Refund scroll will be provided by RBI to e-Treasury but the deciding authority for
\nrefund is Tax authorities of Commercial Tax Departement. Details of refund process
\nare available at point number 6.
\nd. RBI e-Kuber will be liable to provide consolidated scrolls of all participating banks to e-
\nTreasury of State. Memorandum of errors will be initiated by e-Treasury and send to RBI
\non the basis of discrepancies found (through the system) in the data received from GST
\nportal and RBI e-Kuber. MOE will also be reported to GST Portal by e-Treasury. Error
\nCorrection Scroll\/ MOE (memorandum of errors) related to discrepancies will be finally
\ncleared from RBI.
\ne. Data<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ng. Year end accounting adjustment, monthly adjustments (IGST) received during the year (
\nthrough RBI memos) and booking of compensation in the consolidated fund of state will
\nbe closely monitored by Finance (Tax) and Commercial Tax Department. MIS reports
\nwill also be associated for all these channels in the system by NIC. MIS reports will be
\nviewed by FD (W&M) for monitoring Ways and Means position of the State. DTA will
\nissue certain directions to e-Treasury for regular monitoring over the process and will
\nissue certain guidelines for the other accounting processes as per the mandate of GOI.
\n\u00e0\u00a4\u2014\u00e0\u00a5\u008d\u00e0\u00a4\u00b0\u00e0\u00a5\u2021
\n2
\nNodal officers by Finance (Tax), Commercial Tax Department and DTA will be
\nappointed for this purpose.
\n3. Accounting process of GST :
\n(A) The process will be managed through challans deposited under GST. SGST
\ncomponent of GST is accounted by the state and will become the part of
\nConsolidated fund of state (CFS). Once e-Treasury provides challan n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nwise in the GST portal whereas Accounting Authorities will maintain the
\naccounting head wise ledgers.
\n(b) Electonic Credit Ledger – ITC can be utilized to discharge the liability of IGST
\nand SGST. ITC of SGST can be used to discharge the liabilities of SGST and
\nIGST in this sequence.
\n(c)
\nElectronic Tax Liability Register – The liabilities of tax payer will be shown as
\ndebit in the liability register maintained as per Form GST PMT-1.
\n4. Process of arriving at Head of Account to Banks:
\na. Only Major Head wise amounts will be shared with the banks by the GST portal for
\neach CPIN.
\nb. After the payment will be made by the taxpayer, a CIN will be generated by the bank
\nand reported to GST Portal. Banks after successful receipt of GST, will remit the tax
\ncollection through daily luggage file to RBI.
\nc. RBI In turn will consolidate this CIN wise information and prepare an e-scroll (state
\nwise) and will be liable to provide State e-Treasury <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n3. The accounting will be done by the concerned State Accounting Authorities on the
\nbasis of challan received from GSTN through authenticated channels and e-scroll
\nfrom RBI.
\n4. In this case, the details for major head of SGST will be matched for each CIN
\nnumber to arrive at the detailed account codes available in challan information
\nreceived from the GST portal.
\nMonthly detailed accounts\/ ledgers of IGST\/ ITC transfers in the form of MIS reports will
\nbe maintained separately by the State Accounting Authority (e-Treasury)\/ DTA. Finance
\n(Tax) and Commercial Tax Department will also monitor their revenue profile related to
\nState GST of each month. It will include the estimated receipts under IGST and the actual
\ndeposited IGST transfers so that actual gaps may be identified.Tax authorities will also be
\nconnected with this process.
\n6. GST refunds from Tax Authorities:
\n1. The refund will be processed by the tax authorities. Automate<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ncase any Memorandom of Error (MOE) is generated due to any reason, the same will
\nbe settled between SGST officers and Accounting authority. After successful
\ndisbursement of the refund, the E-Treasury shall provide an Acknowledgment to GST
\nportal for updating the status at taxpayers dashboard and integrating it into database.
\n6. Account head codes for each Major Head (CGST, IGST, SGST) have been opened.
\n7. These codes will be populated by the IT system of tax authorities on the basis of
\nreasons of Refunds captured during the processing.
\n7. ITC Utilization for payment of Tax liability:
\nThe input Tax Credit accrued to the tax payer will be available as per Electronic ledger.
\nThere will be no accounting entry to effect the utilization of ITCs to meet the tax liability
\nunder the same tax Head.
\n8. Funds Settlement Mechanism between Central Government and State Government
\non the basis of ITC Cross Utilization and apportioned of IGST:
\nThe Goods and Services Tax Network (GSTN) <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nof this data a provisional sanction order for the month shall be issued by Department of
\nRevenue as per the procedure laid down below.
\nResolution of any discrepancy in data provided by GSTN and issue of final sanction
\norder for each month:
\n(a) On the basis of the settlement ledgers provided by GSTN for every month by the 3rd of
\nsubsequent month, the Central and the State Accounting Authority will reconcile the details
\nof the payments received, ITC cross-utilization and apportionment details received from
\nGSTN, and will revert to GSTN in case of any discrepancy by 18th of the month. This
\nprocess will be linked with tax authorities as per the IT linkage be provided by GSTN.
\n(b) If any discrepancy is pointed out by the Central\/State(s) Accounting Authority or
\ntaxation authority within this period, the GSTN will look into it and prepare a Revised
\not
\n5
\nCalculation, if required and send it again to both the Central as well as State Accounting
\nand t<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nfor each month for the State shall be issued based on details uploaded by Pr. CCA at (1)
\nabove. The final sanction order for each month for each State, in case needed, shall be
\nissued based on details uploaded by Pr. CCA at (2) above.
\nThe electronic Sanction (digitally signed) addressed to Central Accounting Authority
\ncontaining State-wise details will then be uploaded on the portal of the Central Accounting
\nAuthority (Office of Principal CCA, CBEC) through login based system. As the sanction
\nletter will also contain the details of settlement, it will be available in records of State
\nGovernment for future reconciliation and audit purposes. State Governments will come to
\nknow about the fund being transferred by Centre through the sanction. Copy of sanction
\nwill also be endorsed to concerned State Accountant General (A&E).
\nThe Central Accounting Authority will generate an Inter Government Advice (IGA) on the
\nbasis of Sanction received from Departmen<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n1. The trigger for booking in RAT will be the e-scroll along with the Memorandum of
\nError Number. This process will be maintained as per the details provided by RBI to
\nthe accounting authority.
\n2. Without MoE generation, booking under RAT will not be done.
\n3. Where CIN number tallys but there is mismatch in the amount or the challan details
\nare not made available from GST portal but amount received through e-scroll from e-
\nkuber, RBI, the same will be booked under RAT head. It may be possible that
\ntransactions are missing in RBI scrolls but are made available in GST transactions.
\n4. State Accounting Authority (e-Treasury) shall create MoE with appropriate flag and
\ntransfer the same to RBI.
\n5. RBI shall do the reconciliation with resective Bank and on receipt of error luggage
\nfile from bank, RBI shall generate a response file.
\n6. The response file will contain either:
\na. Credit Notification file (CNF) in case the amount reported by the RBI is less than
\nthe a<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nwith Digital Signature Certificate taken from Authorized Certifying Authority. Process
\nsteps of MoE is attached at Annexure-F.
\nA. Following Types of errors will be reported
\na) The CIN not available in e- Scroll
\nb) CIN not available from GST portal
\nc) Major head mismatch
\nd) Amount mismatch
\nCorrections and Accounting entries:
\n7
\ntal
\n1. To prevent\/minimize this type of error, the bank's IT system should have a validation
\nthat all credits to the Tax accounts for the date value being the previous day should get
\nreported to RBI in the luggage file.
\n2. This discrepancy will be detected at the stage when GST (GST Portal) and
\nAccounting Authority compare the challan data (CIN) of the day received from GST
\nPortal with the e-scroll of the corresponding date received from RBI on T+1 basis.
\n3. If GSTN detects such a discrepancy, it will communicate the same to the relevant
\nAccounting Authority and RBI.
\n4. On the basis of this informat<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nsubmitted to AG office by e-Treasury as per the procedures laid down under chapter-
\nIX of Rajasthan Treasury Rules 2012.
\n2. Electronic and digitally signed account will be rendered separately for GST by e-
\nTreasury. Hard copies will not be provided with monthly accounts. The data of
\nchallans received through GST portal will be made accessible to PAG office so
\nelectronic data of challans in the form of 45-A (as in the case of current e-receipts)
\nwill not be provided. AG interface will be developed by NIC in new accounting
\nframework for data downloading\/ uploading process related to GST in AG office.
\n3. Reconciliation process of the GST challan data\/ corrections through transfer entry in
\nthe GST data after submission of monthly account by e-Treasury will be provided
\nby AG office and the same will be addressed by Accounting Authority.
\n4. Recording of transactions related to IGST\/ITC through IGA in consolidated fund of
\nState<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n4. Credit of Compensation amount will be monitored by Finance (Tax) and Commercial
\nTax Department.
\n9
\n17
\n13. Functions of Commercial Tax Department and Tax Authorities-
\n1. Commercial Tax Department (CTD) will be responsible for complete monitoring over
\nthe process of deposit under SGST\/ IGST heads as Budget Controlling Authority of
\nthe respective heads. It will be liable along with Directorate of Treasuries and
\nAccounts to render monthly reports of revenue to the Finance (Revenue) Department
\nfor analytical purposes. Detailed operational guidelines for complete monitoring over
\nGST by CTD will be issued by the Commissioner, CTD which will include schedule
\nof duties related to the officers of CTD in the process.
\n2. CTD will receive Taxpayers' master (backend module- GST- Model-II) and the same
\nwould be kept updated on real time basis by the respective Tax Authorities. The said
\nTaxpayer master would be used by the tax Authorities for mapping the ch<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nAgencies will be liable to deduct tax at the rate of one percent from the payment
\nmade or credited to the supplier of taxable goods or services or both, where the total
\nvalue of such supply, under a contract, exceeds two lac and fifty thousand rupees.
\nProvided that no deduction shall be made if the location of the supplier and the place
\nof supply is in a State or Union territory which is different from the State or as the
\ncase may be, Union territory of registration of the recipient. For the purpose of
\ndeduction of tax specified above, the value of supply shall be taken as the amount
\nexcluding the CST, SGST, Integrated tax and cess.
\n2. DDOS\/ Government Agencies will be responsible to register first at GST portal for
\nthis purpose. GST Portal will provide GSTIN to all DDOs\/ Government Agencies.
\nThey have to deposit the deducted amount and file return (GSTR-7) up to 10th of
\nthe next month as per the procedures defined under G<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n16. Guidelines, Accounting Procedures, SRS and Technical Integration
\n17.
\nAll the relevant guidelines, Accounting Procedures, Technical integration document
\nissued time to time by Govt. of India and SRS issued by Govt. of Rajasthan upto the
\nextent of above processes will be a part of new accounting processes under GST.
\nAmendments in these processes may be done as per the instructions\/ guidelines received
\nfrom GOI.
\nDeemed amendments to Treasury Rules, 2012, GFAR, Budget Manual 2012 and
\nCommercial Tax Act
\nThe existing provisions of the Treasury Rules, 2012, GFAR, Budget Manual 2012 would
\nbe deemed to be amended to make operational the GST accounting process from 1-7-
\n2017. Formal amendments in all relevant rules can be made after successful
\nimplementation of the new processes. Any instructions and guidelines received from
\nGovernment of India in the process of accounting of GST in State will become a part of
\nthis circular.
\n11
\n\u00e0\u00a4\u00af\u00e0\u00a5\u2021
\nAnnexure-A
\nRole to be pl<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nup of the amount into CGST, IGST and SGST and date of payment;
\nf) At EOD, GSTN will also send the details of CPIN generated for the particular day to the
\nAccounting Authority of the Centre (to facilitate estimation of revenue and fund
\nmanagement) and to such State accounting authorities that may so desire;
\ng) On T+1 morning, GSTN will generate a consolidated file containing a summary as well
\nas entire details of the challans for which successful transactions were reported by the
\nbanks on real time basis for the date value of T=0 (for this purpose, daily transactions
\nwould include transactions from 20:01 hrs on previous day to 20:00 hrs in the current
\nday). The file will be sent to the respective accounting authorities. At this stage, the
\nchallan data will also include CIN (i.e. CPIN + Bank Code) and BRN reported by the
\nbanks. GSTN would generate this file on all working days including the days on which
\nn<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n12
\nThere would be a single e-FPB for each Authorized bank for the entire country and responsible
\nto provide scrolls to GSTN and RBI. They will also be liable to follow instructions issued time to
\ntime by the Government of India Banks will not be integrated directly by the State of
\nRajasthan.
\ne-FPB of banks will perform the following role:
\na) Each e-FPB will open a major head wise (CGST, IGST and SGST) account of each
\ngovernment to which the remittances received by it would be credited.
\nb) They will be liable for sending real time data regarding successful completion of payment
\ntransaction by the taxpayer (CIN);
\nc) At the end of each day (T+1), each e-FPB will be responsible for preparing daily luggage
\nfiles Major Head wise (CGST, IGST and SGST) for each government detailing receipts
\nfrom all modes of payments on a particular day (including nil payment days) and
\nforwarding it to RBI in the morning. Each luggage file will have a Unique Serial
\nNumber which<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ncollected by it in Mode – III to Accounting Authority of Centre (e-PAO) \/ each State (e-
\nTreasury) and GSTN simultaneously. Daily Major head account-wise scroll from RBI
\nwill consist of following information:-
\nMerchant Code given to GSTN;
\nName of Government to which the scroll pertains;
\ni)
\nii)
\nScroll Number and Date;
\niii)
\niv)
\nCIN;
\nv)
\nGSTIN;
\nvi)
\nBRN;
\nvii)
\nRBI Transaction Number;
\nviii)
\nMode of payment;
\nix)
\n\u00e2\u0153\u2014)
\nTax amount;
\nControl parameters like total transaction, Total Amount in the scroll, etc.
\n13
\nof
\nc) If any discrepancy is reported by Accounting Authority or GSTN, it would carry out the
\ncorrection mechanism with the authorized bank and thereafter report the corrected data
\nto respective Accounting Authority and GSTN. T+1 scrolls will be provided by RBI to
\nState Accounting Authorities.
\nd) RBI will consolidate Date wise Monthly Statements (DMS) received from the banks for
\neach <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nusing the SFTP server.
\ni) The e-Scroll received will be tested at different level of validation.
\nj) The RBI would prepare e-scroll based on luggage files received from e-FPBs. The daily
\nluggage files (seventy four) received from all the authorized banks including payment
\nreceived directly by RBI would be collated by RBI (one for each major head for Centre
\nand each State) and will be sent to the Accounting Authority.
\nk) RBI will also be liable to provide formats of scrolls\/ DMS and put through statement\/
\nsettlement ledgers etc to the state Government.
\nD. CENTRAL ACCOUNTS SECTION (CAS) OF RESERVE BANK OF INDIA,
\nNAGPUR:
\nCAS, Nagpur reports daily consolidated credits and debits to each Government and Accounting
\nAuthorities. Such daily statements cover all receipts and payments for the respective
\ngovernments including inter-government transactions. GST credits will be one of the items
\nreported by CAS, Nagpur i<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ne) The e-Treasury of the State would reconcile the challan details [received in step b)
\nabove] with the e-Scroll information [received from RBI in step c) and from GSTN
\nin step d) above], and do the detailed revenue accounting based on the information
\nprovided in the e-scroll provided by RBI to the accounting authorities;
\nf) E-Treasury will also provide CIN wise payment \/ challan details to the respective Tax
\nAuthorities daily or periodically as per requirements for departmental reconciliation and
\nfor updating Tax Authorities database that the tax amount has been accounted in the
\ngovernment's books.
\ng) e-Treasury will provide verified Date wise Monthly Statement (DMS) to Accountant
\nGeneral of the state.
\nh) E-Treasury will also be responsible to render monthly GST accounts to AG office
\nRajasthan as per the laid procedures and guidelines.
\ni) Memorandum of errors will be initiated by e-Treasury on the basis of discrepancies found
\nin the data received from GST portal <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nsystem. The reconciliation process shall identify and list out the parameters which will
\nbaseline of the reconciliation procedure for Accounting Authority.
\nThe reconciliation process will be followed according to the data received from both RBI
\n& GST System. The CINS received from RBI in SGST e-Scroll will be reconciled with
\nCINS received from GST system for SGST.
\nThe reconciliation outcome can be of two types:
\n1. The whole Amount of CIN is matched: The Accounting entries for this case have been
\nexplained in Accounting Entries Scenarios of e-Scroll of SRS document issued for
\nCentral Accounting System.
\n2. The Amount Mismatch from either side i.e RBI\/GST System: In this case, the MoE
\nwill be raised to RBI.
\n3. The CIN with Major Head Missing from either side i.e. RBI\/GST System: In this
\ncase, the MoE will be raised to RBI.
\nProcess steps of reconciliation:
\nSTEP 1: e-Treasury will receive e-Scroll from RBI and CPIN & CIN from GST<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nthe respective Head of Accounts.
\n16
\nSTEP 9: If the reconciliation is negative, the MoE will be generated to RBI.
\nSTEP 10: The system will check, whether the MoE resolution is received from RBI against
\nMoE generated or not.
\nSTEP 11: If in response to MoE, the MoE resolution is received from RBI, the again the
\nreconciliation of MoE resolution with the CINs of GST System will be done.
\nSTEP 12: If the above reconciliation is positive, the system will check whether the MoE
\nresolution from RBI reports correct CIN\/CIN Amount.
\nSTEP 13: If the MoE resolution reports the correct CIN\/CIN Amount, the Accounting will be
\ndone for the corrected CIN in respective Head of Accounts.
\nSTEP 14: Also, if RBI earlier reported the excess amount, the payment Advice will be
\nfollowed for the same.
\nSTEP 15: If RBI replied in MoE resolution, it had already reported the correct CIN\/CIN
\nAmount, then the MoE will be raised to GST System for the discrepancy.
\nSTEP 16: If in reply to MoE, the G<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ne. Tax authorities will be liable to reconcile the monthly and daily data of GST challans
\nreceived from e-Treasury with its authentication numbers. They will also be responsible
\nfor e-refund\/ MOE processes (raised beyond e-Treasury functions) and reconciliation of
\nreceipts with AG office, Rajasthan
\n17
\nf. They will ensure to address reconciliation exercises for GST challans as per the
\nprocedure prescribed under GFAR and Budget manual for revenue reconciliation
\ng. They will receive the Monthly statement of IGST Apportionment reflected in SGST,
\nCGST and Settlement Ledgers from GST Portal (To make accounting by way of
\nTransfer Entries from one head of Account to another where Cash transaction is not
\ninvolved in this process)
\nh. Reconciliation Cell and dedicated\/ designated officers of Commercial Tax Department
\nwill be responsible for monitoring over the reconciliation process for GST (SGST\/ IGST
\nheads) system. They will take monthly reports from Tax a<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nSystem Challan and RBI e-scroll.
\nThe format for generating & sending MoE has been finalized. CAS will send MoE in the
\nbelow format to RBI for the mismatch amount & missing CINs cases:
\nMOE
\ndate
\ne-Scroll
\ndate
\ne-Scroll CIN
\nMessage
\nId
\nMOE
\nError
\ntype
\ncode
\nReported Expected
\nvalue value
\nThe data format for each of the MoE are as follows:
\n1. Non-Reconciled Transactions (Reported to GST system only):
\nThe following MOE details will be shared by the Accounting Authority to RBI-
\nUIN GSTIN CIN
\nTotal
\nAmount
\nCGST IGST Rajasthan Bank
\nSGST
\ncode
\nBRN
\nRBI will report the data in the following format to GST Portal :
\nRBI UI CPIN GSTI
\nscroll
\nN
\nN
\nCIN Total BRN Pmt
\nAmount
\ndate
\ndate
\nMoE
\nRaised
\ndate
\nMoE
\nMoE
\ndecision
\nclosure
\n*R\/N
\n2. Non-Reconcilled Transactions (Reported to GST RBI with incorrect CPIN details)
\nThe following MOE details will be shared by the Accounting Authority to RBI-
\nGSTIN CPIN Total CGST IGST Rajasthan Bank BRN Payment
\nUIN
\n(RBI
\nScro<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nUI CPI GSTI CIN Total CGS IGS
\nT
\nRajst
\nBRN MOE
\nMoE
\nMoE
\nAmoun
\nT
\nhan
\nRaised
\ndecision
\nclosure
\nt
\nSGST
\ndate
\n*R\/N
\n*R- Reversed Transaction
\nN-No Action
\n20
\n20
\nThe steps involved in the correction mechanism-
\ni.
\nii.
\niii.
\niv.
\nV.
\nvi.
\nvii.
\nAnnexure-D
\nGSTN will report the error to the relevant Accounting Authority (and Tax Authority, if
\nGOI or concerned State so wants) and RBI, if the discrepancy is detected by G$TN;
\nThe relevant Accounting Authority will generate a MOE with a UIN and communicate
\nthe same to RBI with a copy to concerned authorized bank for resolution (Accounting
\nAuthorities of the Centre and States will have to initiate MOE in respect of their
\nrespective taxes) (This may be on the basis of discrepancy detected and communicated by
\nGSTN or by the Accounting Authorities themselves);
\nRBI to ascertain from e-FPB of the concerned authorized bank \/ RBI and get the
\ndiscrepancy corrected. E-FPB of the con<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nPaid Budge Head
\nChalla
\nn No.
\nChalla
\nn date
\nGSTI CI
\nAmou
\nRefund
\nN
\nN
\nby
\nt
\nNam
\nnt in
\nof
\nReceipt Gross
\nadjustme Amou
\nwho Head
\ne
\ncash
\nRevenu
\nnt
\nnt
\nm
\ne
\n*MCR- Minus Credit Receipt (Deduct Revenue)
\n(MCR)
\n22
\n22
\nGovernment of Rajasthan
\nAnnexure-E (A)
\nForm No TY 38A (Rule 208, Rajasthan Treasury Rules, 2012)
\nTreasury Name____(E-Treasury)
\nCash Account for GST (SGST)
\nFrom (DD\/MM\/YY) to (DD\/MM\/YY)
\nMajor Sub
\nMinor
\nMinor
\nHead Head
\nHead
\nSub
\nGroup
\nSub Head
\nDescription
\nAmount
\nTotal
\nof Budget
\n(In Rs)
\nChallans
\nHead
\nHead
\n23
\n\u00e3\u201a\u00bb
\nAnnexure-F
\nProcess Steps of MoE:
\nStep 1: For un-matched CINs, e-Treasury will issue MoE to RBI in
\n'MOE_Initiationv1.1' file format.
\nStep 2: For unmatched CINs accounting entries will be done under RAT heads by the
\nAccounting Authorities.
\nStep 3: RBI will send acknowledgement (positive\/negative) for the receipt of MoE to
\nCentral Accounting System\/State Accounting Authorities in 'MOE_Status v1.0' in file<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n'MOE_Initiationv1.1'file format.
\nStep 8: The e-Treasury will post the entries of accounting credit notification in the hourly
\ne-scroll to relevant accounting heads of SGST & IGST and clear the RAT Head.
\nStep 9: e-Treasury will send payment advice through IFMS to RBI to debit the
\ngovernment account for non-accounting MoE resolution in 'Govt.
\nePayments_Pain.001.001.05_1.1' file format.
\nStep 10: RBI will send the acknowledgement (positive\/negative) for the receipt of the
\npayment advice in 'Govt. ePayments_ Status_ Pain.002.001.05v1.1' file format.
\n24
\nStep 11: RBI will send the debit notification to the e-Treasury for debiting the
\ngovernment account in 'Govt_Notf_camt.054.001.05v2.0' file format.
\nStep 12:e-Treasury will post the entries of non-accounting MOE resolution to relevant
\naccounting heads of SGST & IGST and clear the RAT head
\nStep 13: RBI will send the credit notification to the bank for crediting the bank account
\nfor non-accounting MoE resolution in '<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n