All Agency Banks
Dear Sir / Madam
Payment of agency commission for
Please refer to Circular No.
DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012 regarding
the rationalisation and revision of agency commission payable to agency
banks on government transactions undertaken by them.
2. As you are aware, the agency
commission on government receipts is paid by Reserve Bank per transaction
basis. In this connection, with reference to the implementation of Goods
and Service Tax (GST) regime, it is advised that a single Common Portal
Identification Number (CPIN), processed successfully leading to generation
of a Challan Identification Number (CIN), under GST payment process, may be
treated as a single transaction, even if multiple major head/sub major head/minor
head of accounts are credited. This means that CGST, SGST, IGST and Cess
etc. paid through a single challan would constitute a single transaction.
Thus, all such records clubbed under a single challan i.e., CPIN have to be
treated as a single transaction for the purpose of claiming agency
commission. This will come into effect from July 1, 2017.
3. Similarly, in case of
transactions not covered under GST, it is emphasised that a single challan
(electronic or physical) should be treated as single transaction only and
not multiple transactions, even if the challan contains multiple major
head/sub major head/minor head of accounts that will get credited. We
reiterate that records clubbed under a single challan processed
successfully have to be treated as a single transaction for the purpose of
claiming agency commission.