ARPIT - Accounting & Reconciliation Portal of Indirect Taxes

FAQ

Accounting Procedure
CIN

1.What is GST and its Taxable event?

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2.Which taxes at the Centre and State Level are being subsumed under GST?

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3.How would GST be administered?

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4.Who are the major stakeholders under GST regime?

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5.How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

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6.What is GSTIN?

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7.How is CPIN generated?

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8.What is the validity of CPIN?

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9.What is GSTIN?

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10.Whether there is any provision of payment through physical challan?

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11.If the taxpayer encounters any problem while making payment through internet, whom should he contact? Whether Bank or GST portal?

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12.What is CIN and what is its relevance? How it is different from CPIN?

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13.What if, I don’t receive the CIN after making the payment?

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14. There might be three dates pertaining to CIN information so received-

CIN Date (When it is generated at Bank’s Level)

CIN receiving date (When it is received at the GST portal)

File Date( When it is received at CAS)

Which of these three dates shall be considered as accounting date for closing of daily accounts by the e-PAO (GST)?

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15.Can the taxpayer take a printed copy of the Challan?

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16.What is the role of e-FPB under GST regime?

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17.What is Compensation Cess and its application?

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18.What should a taxpayer do if he deposit tax under wrong accounting heads?

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19.Who is authorized to do GST accounting and what is the basis of such accounting?

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20.What will happen in case of CIN-CPIN mismatch?

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21.How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?

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22.What are the Major Heads for the booking of various GST taxes?

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23.Who will determine the rates for the GST Taxes?

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24.What is a Luggage file and an e-Scroll?

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25.What is e-Kuber?

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26.What do you mean by T+1 Day?

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27.How is the system of accounting different in GST regime from the one being done earlier?

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28.Which agency shall do the accounting for SGST and UTGST?

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29.How will the funds would be settled between Centre and State?

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30.On what basis reconciliation shall be done under GST?

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31.What is the difference between MOE and Error Correction Scroll?

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32.What is the concept of RAT under GST?

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33.Where the Settlement ledger shall be maintained?

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34.How the settlement ledgers shall be shared with e-PAO (GST)?

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35.What is Ack/Nack?

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36.when will Nack be generated?

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37.If GSTN and RBI states that they reported correct amount for MoE generated by CAS, What is the solution?

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38.Who will propose for acceptance of MoE resolution received RBI?

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39.Who will accept the MoE resolution received from RBI?

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1.What is CIN?

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2.What is the different between CPIN and CIN?

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3.Who will generate CIN?

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4.Whether CIN file received from GSTN are digitally signed?

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5.When will the amount be credited in tax payer’s ledger?

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6.Whether cash ledger can be credited twice for the same CIN?

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7.How many CINs will be there in a CIN file submitted by GSTN to CAS?

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8.What is ‘BRN’?

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9.Whether future date can appear in CIN file?

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10.What is GSTIN number?

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11.Whether any file will be accepted without GSTIN?

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12.If GSTIN number is not available in the assesse master at the time of payment by the tax payers, whether CIN will be rejected by GSTN?

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13.How to generate CIN for confiscated goods?

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14.Whether same Major/minor head can be repeated in a CIN?

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15.Whether all the CIN matched with CPIN will be accounted by CAS without waiting for e-Scroll from RBI?

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16.Whether accepted CIN /Rejected CIN reports generated by CAS can be export to PDF/Excel for verification?

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17.Whether specific CIN number can be searched in the whole lot of accepted CIN’s?

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18.If CIN files are not recei8ved from GATN whether automatic alerts will be sent to accounting authorities/GSTN?

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19.Whether CIN files received from GSTN will be sequential?

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