Instructions for Receiving Branches
i. The taxpayer is to be given a computerized acknowledgement/receipt. The computerized receipt should bear the signature and seal of the authorized signatory in token of receipt of the amount. The Receiving Bank should give the following information in the COMPUTERISED RECEIPT to the tax payer.
1. Bank Code
2. Branch Code
3. Date of Tender of Challan
4. Challan Sequence Number
5. Name of the Assessee
6. Assessee Code
7. Location Code (Commissionerate + Division + Range Code)
8. Major Head Code
9. The eight digit Accounting code for duty/cess in case of payment of Central Excise and service code in case of Service Tax.
10. Amount of duty/tax paid for each of the Accounting code
11. Total Amount
12. Collection indicator/Mode of Payment
13. Date of realization of the instrument
Note: - Serial No.8, 9 & 10 are to be repeated for payments made under different heads. The information at serial no.1, 2, 3, and 4 is collectively called the Challan Identification Number (20 digit CIN), which will have to be quoted in the return by the tax payer.
ii. Challans should be arranged according to the serial number of the entry of the item in the scroll under each scroll. Each day’s scrolls should be given a running serial number separately for each Major Head, prefixed by the numeral denoting the Major Head of Account namely, 0038 for the financial year from 1st April to 31st March to facilitate detection of any omission in submitting the daily scrolls. (Refer RBI’s Revised Memorandum of Instruction for Receiving Banks).
Instructions for Focal Point Branch
i) Amount of remittance received by it through the inter-branch account tallies with the challans and the scrolls.
ii) All challans have been attached with the scroll and amounts in the scrolls tally with the physical challan and electronic data