TMI BlogCHALLAN FORMATX X X X Extracts X X X X X X X X Extracts X X X X ..... allan for accounting and reconciliation purposes. A proper Challan format (Annexure -IV) that covers all the details required for accounting and reconciliation is essential to be prescribed, that will be treated as proof of payment to the government. 126. In the GST regime, the existing practice of entry of challan data at the bank branch level will be dispensed with as the challan would be share ..... X X X X Extracts X X X X X X X X Extracts X X X X
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