e Payment facility for indirect taxes enables secure online challan submission and bank handled settlement for taxpayers. Introduction of an e-Payment facility for Central Excise and Service Tax permits taxpayers to pay indirect taxes via participating banks' internet portals. Eligible users must be customers of a core banking branch, possess a PAN based 15 digit assessee code, be registered for e payment and hold internet banking credentials. The system mandates on line validation of assessee code, location code and account head against PAO masters; only validated entries proceed. Banks print challans, forward daily scrolls to the PAO and range officers, deliver receipted copies to taxpayers and are responsible for fund transaction and settlement with the government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
e Payment facility for indirect taxes enables secure online challan submission and bank handled settlement for taxpayers.
Introduction of an e-Payment facility for Central Excise and Service Tax permits taxpayers to pay indirect taxes via participating banks' internet portals. Eligible users must be customers of a core banking branch, possess a PAN based 15 digit assessee code, be registered for e payment and hold internet banking credentials. The system mandates on line validation of assessee code, location code and account head against PAO masters; only validated entries proceed. Banks print challans, forward daily scrolls to the PAO and range officers, deliver receipted copies to taxpayers and are responsible for fund transaction and settlement with the government.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
