Para 14.2.10 — CAM
Original Rule Text
14.2.10.1 PROCESS FLOW OF ACCOUNTING
(a) GSTN provides digitally signed CPINs, created by the tax payers, at every 5-minute interval to the Central Accounting System (ARPIT).
(b) On payment by the tax payer, the authorized banks, after crediting Government account, generates CIN and shares the digitally signed CIN with GSTN.
(c) GSTN provides CIN data (containing only Major Heads) digitally signed by the Banks at five minutes’ interval to ARPIT.
(d) GSTN provides a consolidated EOD (End of Day) CPIN file to ensure that all CPINs have been received by Accounting Authority (for reconciliation).
(e) The GSTN provides a consolidated EOD (End of Day) CIN file (containing Major as well as Minor Heads) to ensure that all CINs have been received by Accounting Authority (for reconciliation).
(f) On receipt of the banks’ digitally signed CIN data through GSTN, the CIN is matched with the corresponding CPIN. The accounting entries are made based on the minor head-wise details available in the CPIN i.e. Debiting Major Head 8658-Suspense Accounts-‘108-Public Sector Banks Suspense’ or ‘138-Other Nominated Bank (Private Sector Banks) Suspense’ as the case may be, and Crediting the duty/tax heads concerning GST.
(g) The O/o Pr. CCA CBIC accounts for CGST, IGST, GST Compensation cess and UTGST (Union Territory-Without Legislature) heads only. The SGST and other UTGST amounts are accounted by the respective States and UTs Governments.
(h) The banks send a luggage file containing CIN wise details of all collections of the day to RBI on T+1 day for settlement. The EOD time for the banks is 8.00 pm. The collection details of previous day 8.00 pm to current day 8.00 pm are sent in the luggage file.
(i) RBI will receive bank luggage file from all authorised banks before 6:00 PM on T+1. Consequently it will debit Authorized bank’s account and correspondingly credit the indirect tax account of Government of India maintained in RBI.
(j) On T+1day, RBI based on the luggage file received from the banks, provides digitally signed e-scrolls (Major Head-wise) on hourly basis. The e-scrolls from RBI contain settlement made by the banks (i.e. collections made by the banks on the previous day) and the NEFT/RTGS transactions of RBI of the same day.
(k) The transaction (CIN) wise e-scroll is matched with the CPIN and CIN received already in the system and the following accounting entry is made for the matched transactions:-
What This Means
This section explains how GST payments are processed and accounted for through the ARPIT (Accounting and Reconciliation Portal of Indirect Taxes) system. GSTN sends challans (CPINs) to ARPIT every 5 minutes; when banks receive payment, they generate a CIN and share it with GSTN. ARPIT matches CIN to CPIN and posts accounting entries — first to suspense (PSB Suspense) and then, when RBI confirms settlement via e-scrolls, the suspense is cleared against Reserve Bank Deposits. Any mismatches generate Memoranda of Error (MoE) that are resolved electronically.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1GSTN sends CPINs (challan intent) to ARPIT at 5-minute intervals for accounting
- 2Banks generate CIN (payment confirmation) and share with GSTN, which forwards to ARPIT
- 3Accounting: CIN matched to CPIN, booked under PSB Suspense (debit) and Tax heads (credit)
- 4RBI e-scrolls on T+1 day clear PSB Suspense against Reserve Bank Deposits
- 5Four types of mismatches (Invalid CIN, Missing CIN, amount more/less) resolved through electronic MoE
Practical Example
A taxpayer generates a CGST challan for Rs 5 lakh on the GSTN portal (CPIN created). They pay through net banking at SBI. SBI generates a CIN and sends it to GSTN. ARPIT receives the CIN, matches it to the CPIN, and books: Debit 8658-PSB Suspense Rs 5 lakh, Credit 0005-CGST Tax Rs 5 lakh. Next day, RBI sends an e-scroll confirming settlement. ARPIT clears: Debit 8675-Reserve Bank Deposits Rs 5 lakh, Credit (minus debit) 8658-PSB Suspense Rs 5 lakh.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is ARPIT?▼
What happens when a CIN is in the RBI e-scroll but not reported by GSTN?▼
Who accounts for SGST collections?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.