**Summary:**
This Reserve Bank of India (RBI) circular, reference number RBI20232443 CO.DGBA.GBD.No.S2953/11.20.001/2023-2024, dated June 14, 2023, modifies the procedure for agency banks to claim commission on the collection of indirect taxes through the ICEGATE payment gateway. Specifically, it amends paragraph 21 of the Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2023.
The key change is that agency commission claims pertaining to GST receipt transactions, direct tax collection under the TIN 2.0 regime, and transactions related to the collection of indirect taxes through the ICEGATE payment gateway (reported to the Mumbai Regional Office (MRO) of the RBI) will now be settled exclusively at the Mumbai Regional Office. Agency banks authorized to collect these taxes are instructed to submit their claims to the MRO accordingly.
Claims for Central Government transactions reported to CAS, Nagpur, RBI will continue to be settled at CAS, Nagpur, RBI.
The circular also specifies that agency banks must use the prescribed formats (Annex 2, Annex 2A, and Annex 2B) for claiming commission. These include certificates to be signed by branch officials and Chartered Accountants or Cost Accountants, in addition to the existing certificate from the ED/CGM in charge of government business regarding pension arrears.
All other instructions outlined in the original Master Circular remain in effect.
The Department of Government and Bank Accounts, Central Office, RBI (Opp. Mumbai Central Railway Station, 4th Floor, Byculla, Mumbai – 400 008) is the relevant contact point. The telephone numbers are 022-23016214 and 022-23001670. The fax numbers are 022-23008764, 022-23009126, and 022-23010095. The email address is cgmicdgbacorbi.org.in.
Indranil Chakraborty, Chief General Manager, authorized the circular.
Key Entities Referenced
Reserve Bank of India: The central bank of India, the primary regulator of agency banks mentioned in the context of agency commission claims.
ICEGATE: An electronic payment gateway used for the collection of indirect taxes, relevant to the reporting and settlement of agency commission claims.
Master Circular on Conduct of Government Business by Agency Banks Payment of Agency Commission dated April 1, 2023: A key policy document that outlines the rules and guidelines for agency banks regarding government business, including the payment of agency commission.
Mumbai Regional Office (MRO), RBI: A regional office of the Reserve Bank of India, responsible for settling certain agency commission claims, specifically those related to indirect taxes collected through ICEGATE.
CAS Nagpur: Central Accounts Section (CAS) Nagpur, an office of the Reserve Bank of India responsible for settling agency commission claims for Central Government transactions.
GST: Goods and Services Tax, a type of indirect tax for which agency banks collect payments and claim commission.
TIN 2.0: Tax Information Network 2.0, a system for direct tax collection where agency banks collect payments and claim commission.
Indranil Chakraborty: Chief General Manager at Reserve Bank of India, signatory of the circular.
भारतीय �रज़व� ब�क
RESERVE BANK OF INDIA
__________________________ __________________________
www.rbi.org.in
RBI/2023-24/43
CO.DGBA.GBD.No.S295/31-12-010/2023-2024 June 14, 2023
All Agency banks
Madam / Dear Sir
Agency Commission for collection of indirect taxes through ICEGATE payment
gateway
Please refer to Para 21 of our Master Circular on Conduct of Government Business by
Agency Banks - Payment of Agency Commission dated April 1, 2023 related to claiming
of agency commission.
2. Since certain transactions related to collection of indirect taxes through ICEGATE
(CEP) payment gateway are now being reported by agency banks to Mumbai Regional
Office (MRO), RBI with effect from April 01, 2023, it has been decided to modify paragraph
21 of the aforesaid Master Circular. The modified paragraph 21 will read as follows:
“Agency banks are required to submit their claims for agency commission in the
prescribed format to CAS Nagpur in respect of Central government transactions and the
respective Regional Office of Reserve Bank of India for State government transactions.
However, agency commission claims pertaining to GST receipt transactions, transactions
related to direct tax collection under TIN 2.0 regime, and transactions pertaining to
collection of indirect taxes through ICEGATE payment gateway reported to Mumbai
Regional Office, RBI will be settled at Mumbai Regional Office of Reserve Bank of India
only and accordingly all agency banks, authorized to collect GST, direct tax collection
under TIN 2.0 and indirect taxes through ICEGATE payment gateway, are advised to
सरकारी और ब�क लेखा िवभाग, क�द्रीय काया�लय, मुंबई स�ट�ल रेलवे �ेशन के सामने, चौथी मंिजल, भायखला, मुंबई - 400 008
Department of Government and Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, 4th Floor, Byculla, Mumbai - 400 008
Telephone: (022) 23016214 / 23001670 Fax No. (022) 23008764 / 23009126 / 23010095, e-mail: cgmicdgbaco@rbi.org.in
िहंदी आसान है, इसका प्रयोग बढ़ाइए।submit their agency commission claims pertaining to the respective receipt transactions
at Mumbai Regional Office only. The agency commission claim for Central Government
transactions reported to CAS, Nagpur, RBI will be continued to be settled at CAS, Nagpur,
RBI. The formats for claiming agency commission for all agency banks and separate and
distinctive set of certificates to be signed by the branch officials and Chartered
Accountants or Cost Accountants are given in Annex 2, Annex 2A and Annex 2B
respectively. These certificates would be in addition to the usual Certificate from ED /
CGM (in charge of government business) to the effect that there are no pension arrears
to be credited / delays in crediting regular pension / arrears thereof.”
3. All other instructions of the said Master Circular remain unchanged.
Yours faithfully
(Indranil Chakraborty)
Chief General Manager
2