The Reserve Bank of India (RBI) has notified that there will be no extension in the Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files.
Reetu | Mar 21, 2024 |
No Extension in Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files: RBI
The Reserve Bank of India (RBI) has notified that there will be no extension in the Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files.
Referring to para 10 on ‘Reporting of transactions by agency banks to RBI’ of ‘Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission’ dated April 1, 2023.
It has been noticed that several agency banks have been requesting RBI for an extension of time for uploading luggage files pertaining to GST, ICEGATE and TIN 2.0 receipts beyond the cut-off time of 1800 hours prescribed by O/o Principal Chief Controller of Accounts, Central Board of Indirect Taxes & Customs and O/o Principal Chief Controller of Accounts, Central Board of Direct Taxes.
In this regard, it is informed that no extension would be provided by the RBI beyond the deadline for submitting luggage paperwork, as per the existing standards.
Accordingly, the modified paragraph 10 will read as follows:
“10. Reporting of transactions by agency banks to RBI: Following the implementation of NEFT 24X7 and RTGS 24X7, agency banks authorised to collect Goods and Service Tax (GST), Custom and Central Excise Duties (ICEGATE), and Direct Taxes via the TIN 2.0 channel must upload their luggage files in RBI’s QPX/e-Kuber on all days except Global holidays, which are January 26, August 15, October 2, all non-working Saturdays, all Sundays, and any other day declared a holiday by the RBI for Government Transactions due to exigencies. These luggage files must be uploaded to RBI’s QPX/e-Kuber by 1800 hours, as specified by the Principal Chief Controller of Accounts, Central Board of Indirect Taxes & Customs and the Principal Chief Controller of Accounts, Central Board of Direct Taxes. The RBI would not allow agency banks to extend the cut-off time beyond 1800 hours for uploading these luggage files to QPX/e-Kuber.”
All other instructions of the said Master Circular remain unchanged.
For Official Master Circular Download PDF Given Below:
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