Advocate C P Chugh
We are aware that recently TRACES enabled its online correction utility and seized downloading of conso files where the statement contained unmatched challans. It has caused inconvenience to many for the reasons stated below :
a) It blocked the statements where returns were uploaded the same day after making online payments. Challans are usually updated within 72 hours, but it was found that TRACES processed the return with defauts of short payment even before the challans could be updated. When tried to down load conso file, it blocked the request and watned first to match the otherwise correct challan………..Online GST Certification Course by TaxGuru & MSME- Click here to Join
No help is available on TRACES as to how to resolve.
b) It also blocked the statement which contained only row(s) of NIL Challan, treating them as unmatched. NIL Challan Rows could be for
(i) the statement contained deductee details pertaining to transporter only, where “T” Flag has been raised (ii) the statement contained deductee details pertaining to 15G/15H where “B” flag has been raised and/or (iii) the statement contained deductee details pertaining to such payments where no tax has been deducted for the reasons that the amount paid fall below the Threshhold limit and “Y” flag has been correctely raised.
I have raised a querry at TRACES which is reproduced below for which the reply of TRACES is awaited. Members may share if any other resolution is possible.
“System is not allowing download in case of unmatched challans, but in case of statements that contains only rows of NIL Challan for the reasons that either “T” or “B” or “Y” flag has been raised, such challans with NIL Values should be considered as unmatched and conso files be made available for download.”