It is a system used by the Indian government for collecting various taxes and fees. A CBS challan is a document that acts as a receipt for the payment made.
Here's a breakdown:
* Challan: A challan is a payment slip used for making payments to the government.
* Based System: This refers to the system that utilizes challans for managing payments.
Therefore, CBS challan refers to the "Challan Based System" challan, which is a payment slip generated through this system.