Mandatory e-payment of Service tax by large tax payers — Interim accounting arrangement

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..... GCR Building, 1st Floor I. P. Estate New Delhi and that with the introduction of mandatory e-Payment for high value Service Taxpayers, the need for eliminating the concept of designated banks for collection of tax through e-Payment arose. In continuation of the Trade Notice No. 4/ST/2006 dated 7-9-2006, it is further brought to the kind notice of all Central Excise and Service Tax Assessees and Tr .....

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..... hrough e-Payment mode for other Commissionerates that are not covered for physical collection will be collated at a branch in Delhi (Such CBS branch will be identified by the bank) for scrolling. The branch so identified will prepare hard copies of challan (4 copies). The distribution and usage of stamped and receipted challans is as under : Challan Copy To whom Purpose / Use One Concerned Pa .....

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..... and bank reconciliation with out any deviation from the existing procedure till the Electronic Accounting Solution is put in place and stabilize. The Trade and Industry Associations, are requested to give wide publicity to the contents of this Public Notice. Enclosures : List of Banks authorized to collect e-payment Banks authorised to accept e-Payment for all Central Excise and Service Tax Co .....

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