Lowering of the threshold for e-payment to rupees one lakh - Service Tax - TRADE NOTICE No. 27/2013 -S.T.

OFFICE OF THE COMMISSIONER OF CUSTOMS, CENTRAL EXCISE SERVICE TAX, RAJKOT CENTRAL EXCISE BHAVAN , RACE COURSE RING ROAD, RAJKOT - 360 001 F. No. IV/8-5/MP/2013 Date: 20.12.2013 TRADE NOTICE No. 27/2013 -S.T. Sub.: Lowering of the threshold for e-payment to rupees one lakh. In terms of the proviso to Rule 6(2) of the Service Tax Rules, 1994, an assessee who has paid a total Service Tax of rupees ten lakh or more, including the amount paid by utilisation of CENVAT credit in the preceding financial year, shall deposit the service tax liable to be paid by him electronically, through internet banking. Vide notification number 16/2013- Service Tax dated the 22nd November, 2013, the proviso has been amended to the effect that an assessee who has paid a total of rupees one lakh or more (including the amount paid by utilizing CENVAT) in the preceding financial year, shall have to deposit Service Tax electronically, through internet banking. 2. A similar amendment to the third proviso to Rule 8(1) of the Central Excise Rules, 2002 has been made vide notification number 15/2013 - Central Excise (N.T.) dated 22nd November, 2013. 3. Both these notifications shall come into effect from 1 st January, 2014. 4. All the members of Regional Advisory Committee and the Trade Associations / Chamber of Commerce are requested to bring the contents of this Trade Notice to the knowledge of their constituent members for information, guidance and vide publicity. (V. Padmanabhan) Commissioner