Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Data quality in Electronic Accounting System in Central Excise & Service Tax (EASIEST)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... vice Tax (EASIEST) It has been brought to our notice that the quality of data reported under EASIEST continues to be poor. Approximately, 45% of the challans do not bear any assessee code. It may please be noted that indication of assessee code and location code in the G.A.R.7 challan by the tax payer has since been made mandatory. Banks are, therefore, advised that no payment of Central Excise .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... present in the directory i) If the assessee code is not present in the directory, then the bank should verify the assessee code at the NSDL-EASIEST website ( www.cbec.nsdl.com ). Feature to search on the assessee code is provided in the website. ii) If the assessee code is present at the NSDL-EASIEST website, the bank should accept the challan and the assessee code and location code sho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gitization of RT 51. iii) The complete address of the assessee should be captured (as per validations in the file format). 4. Assessee does not have a valid assessee code i) In cases where the tax-payer wants to make a payment but does not have a valid assessee code, the bank should ask the tax-payer to produce proof of its PAN / TAN registration. It is also mandatory for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nic.in iv) It will be mandatory to digitize the complete address of the assessee (as per validations in the file format). 3. With effect from January 22, 2008 , RT 51 and 58 records pertaining to challans with cheque tender date greater than January 22, 2008 will be accepted at NSDL central system only with a structurally valid assessee code. The banks participating in EASIEST sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates