What is a computer generated acknowledgement of GAR 7 challan?
The receiving bank branches of the nominated banks in EASIEST are to issue computerized challan receipt as an acknowledgement to the assessee. The collecting/receiving bank branches would hand over this receipt to the assessee as an acknowledgement/proof of the tax payment. This computer generated acknowledgement of GAR 7 challan would be given to the taxpayer after putting the signature and seal of the authorized signatory in token of receipt of the amount. This would serve as the taxpayers receipt for payment made. The collecting / receiving bank branch would retain the tear off counterfoil of the GAR7 challan submitted by taxpayer. The words Taxpayers counterfoil appearing in the GAR 7 challan would be substituted by the word Counterfoil. The computerized printout should necessarily have the following information: – 1. Bank code 2. Branch code 3. Date of Tender of challan 4. Challan sequence number 5. Name of the Assessee 6. Assessee code 7. Location code (Commissionerate + Division
