Challan Correction Mechanism

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..... g the correction mechanism in following situations:- a) ERROR IN GSTIN: This may happen in situations where the payment of tax is being made by either authorized representative such as CA or any other person on behalf of the taxpayer. Such kind of error will have no impact on the transfer of the funds to the account of the concerned governments as the money will be correctly transferred on the .....

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..... d acts and tax administration should have no role to play in this matter. b) ERROR IN MAJOR HEAD: In such a scenario, the bank though has collected the correct amount but has credited the wrong head of tax account. This would impact the transfer of funds to the account of the respective governments as bank has transferred the funds on the basis of the data not detailed in CPIN. Thus bank would .....

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..... to provide for correction mechanism. 124. In view of recommended maintenance of cash ledger, the fields relating to Tax period and purpose will not be captured in the challan as being done presently and therefore correction mechanism for correcting these two fields has not been provided for. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxatio .....

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