Electronic Accounting in Central Excise and Service Tax from 1-11-2006 - Service Tax - Trade Notice No. 25/2006

Commissioner of Central Excise, Pune-I Trade Notice No. 25/2006 dated 11-10-2006 All Central Excise and Service Tax assessees and members of the Trade and Industry are informed that computerized project of CBEC i.e. Electronic Accounting System in Central Excise and Service Tax (EASIEST) will be implemented w.e.f. 1-11-2006. From 1st November 2006 all accounting work of Central Board of Excise and Customs (CBEC) will be done on 15 digits PAN based codes and location codes and the 10 digit codes allotted earlier to assessees will be treated as withdrawn w.e.f. 1-11-2006. 2. EASIEST is one of the Computerization projects of CBEC. The concept of EASIEST is for on line transmission of Tax payment data from bank to Pay Accounts office, Central Excise Customs, Pune. It is aimed for obtaining a complete, correct and useful Tax Information Database at Tax Information Network (TIN) that can be used for accounting, reconciliation and for other MIS purpose. 3. If assessees are not having 15 digit PAN based codes are or showing wrong codes the amount remitted will not be accepted by any banks authorized for collection of taxes or the said amount will be booked under ASSESSEE SUSPENSE . 4. Hence it is advised to all Central Excise and Service Tax assessees to get 15 digit PAN based code and location code by 31st October 2006, if not obtained earlier, to avoid further problems in remitting the taxes. If there are any difficulties in getting 15-digit PAN based code, the same may be brought to the notice of the undersigned immediately. 5. All the Trade Associations and Chambers of Commerce and Industries are requested to bring the contents of this Trade Notice to the Notice of their member constituents. This Trade Notice is also available on the official website of Pune Central Excise Zone [email protected].