1) DIGITAL SIGNATURE: The digital signature for signing the XML has been made mandatory.
This DSC should be in the name of Principal Officer attached to the RE's FIUREID. DSC should be Class 2 type and can be obtained from TCS, E-Mudhra, Safescript, IDRBT, etc.
2) RE CATEGORY: Six New RE Categories (FIIBR, INCEX, INPFR, REGSR, FIPST and INSTX) have been added, along with the old ones.
* A welcome addition has been FIPST (Dept. of Posts, GoI)
If you want to know in detail, please check the following link
fintelektaml.com/tag/money-laundering-risk/
In addition following changes done in RVU version 2.7 has been fine-tuned based on inputs received from RE:
1) PAN NUMBER should be of the format XXXXX9999X (that means first FIVE ALPHABETs followed by FOUR NUMERIC and ONE ALPHABET). If PAN is Present with incorrect format the system will automatically run validation and Schema Validation will be failed.
2) FIUREID should be of the format XXXXX99999 (FIVE ALPHABET followed by FIVE NUMERIC value). If FIUREID is Present with incorrect format, Schema Validation will be failed on validation.
3) RECATEGORY should be of FIVE ALPHABET. If RECATEGORY is present with incorrect format and check fails, Schema Validation will be failed.
4) MOBILE NUMBER (for both INP and LPE) should be of minimum 10 digits (i.e. 9999999999). If MOBILE NUMBER is Present with incorrect format and check fails, Schema Validation will be failed.
5) TELEPHONE (for both INP and LPE) should be of minimum 11 digits. If Telephone no. is Present with incorrect format and check fails, Schema Validation will be failed.
6) ADDRESS Field Length (Minimum) has been increased from 10 to 15 Characters.
A SMALL GUIDE FOR UPLOADING RETURNS ON THE FINNET GATEWAY:
1. The version of RGU- Report Generation Utility has not changed. Version 2.7 only has to be used to generate XML file of return.
2. The new version i.e 2.8 of RVU is available under "Resources" section utility of the FINNET gateway. The format is .7z, so you need to extract the RVU folder first by downloading a .7z extractor. Once extracted, the RVU would be ready for use.
3. The process of RVU is the same, except for the last step where; after hashing you will need to attach DSC.
4. The token library file is in a format called .dll, this would be found
C drive> Windows>System 32 folder and then selecting the particular .dll file as per your vendor
5. The hashed and digitally signed file only has to be uploaded after ensuring no fatal errors exist.
IMPORTANT:
Before you upload the return, please ensure that the DSC file of Principal Officer is exported to .cer format first and the .cer file is uploaded under "profile" category> Upload certificate. This process is like registering the DSC of Principal Officer on the gateway for ONCE only.