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TMI BlogElectronic Mode of PaymentX X X X Extracts X X X X X X X X Extracts X X X X ..... Electronic Mode of Payment X X X X Extracts X X X X X X X X Extracts X X X X ..... hrough credit/debit cards) on or after the 1st day of August, 2008: i. A company; and ii. A person (other than a company), to whom the provisions of section 44AB of the Income-Tax Act 1961 are appli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cable. As per the report of Central Board of Excise and Customs (CBEC): i. With effect from 01.10.2014, it is mandatory for all Central Excise assesses and service provider/tax payer to electronical ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly pay duty through internet banking. ii. E-payment of duty is mandatory for Accredited Clients Programme (ACP) importers paying duty of ₹ 1.00 lakh or more per Bill of Entry. Further, Governm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent in August 2011 had asked Public Sector Banks (PSBs), Financial Institutions (Fls) and Public Sector Insurance Companies (PSICs) to deal with payments to staff, vendors, suppliers and disbursement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of loans and payments towards instalments and investments only through direct credit to accounts. This was stated by Shri Jayant Sinha, MoS in the Ministry of Finance in written reply to a question i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the Lok Sabha. X X X X Extracts X X X X X X X X Extracts X X X X
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