Historical Perspective: Service Tax - Central Excise Practice Manual (OLD) - Central Excise

Historical Perspective: Service Tax The provisions requiring mandatory payment of Central Excise Duty/Customs Duty/Service Tax has covered a significant journey since introduction in 2006/2007. The following details will help us in understanding this journey. Vide notification No. 27/2006-Service Tax, dt.21.09.2006 (with effect from 1.10.2006), first time, e-payment of Service Tax was made mandatory for Service Tax assessees who had paid tax of ₹ 50 Lakhs or above in the immediately preceding financial year or had already paid Service Tax of rupees fifty lakhs in the current financial year. Vide notification No.01/2010- Service Tax dated 19.02.2010 (with effect from 1.4.2010), the prescribed limit for e-payment was lowered to ₹ 10 lakhs or more [Cash + CENVAT] in the preceding financial year. Vide notification No. 16/2013- Service Tax dated 22.11.2013 ( w.e.f. 01.01.2014), the prescribed limit for mandatory e-payment was lowered to ₹ 1 lakhs or more [Cash + CENVAT] in the preceding financial year. Vide notification No. 9/2014-ST, dated 11.07.2014 (w.e.f. 01.10.2014) , it has been made mandatory for all Service Tax assessees except in exceptional circumstances permitted by the jurisdictional AC/DC.