What changed
Previously, banks could submit data for a specific nodal scroll date/nodal branch/major head combination only once per day. Now, TIN accepts multiple RT-01 files for the same combination on different dates, allowing past data to be merged with current data. For April 1-16, 2005, banks must transmit two separate RT-01 records: one for March 31, 2005 residual and one for the current date, with a single RT-05 summary per major head.
What it means for you
Banks can now correct or complete past tax collection reports without waiting for a new cycle, reducing reconciliation headaches. The March residual procedure (until April 16) allows FY 2004-05 data to be captured, but no previous FY data should be tagged with a scroll date after March 31, 2005.
What you must do
- Upload March residual data (FY 2004-05) as a separate RT-01 record alongside current FY 2005-06 RT-01 for each file transmitted between April 1-16, 2005.
- Use the new multiple-upload facility to submit any past data not uploaded earlier, merging it with current nodal branch scrolls as needed.
- Ensure no previous financial year data is uploaded with a nodal scroll date later than March 31, 2005.
- Coordinate with your Nodal Officer to align with DIT(Systems) letter F. No-SW/07/01/03/04/DIT(S)-19602 dated March 18, 2005.
Who it affects
All agency banks handling tax collection under OLTAS, Nodal officers and IT teams managing TIN submissions, Bank branches dealing with March residual tax data
Can we upload missing data from previous financial years after April 16, 2005?
Yes, in extreme eventuality, following the procedure in para (a) and (b) of the circular. However, no data of previous financial year should be uploaded with a nodal scroll date later than March 31, 2005.
What is the procedure for March residual data during April 1-16, 2005?
Banks must transmit two separate RT-01 records: one for the March 31, 2005 residual and one for the current date (FY 2005-06). A single RT-05 summary record per major head is still required daily.