Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Circular Demands Banks Verify Assessee Codes for Tax Payments to Improve Data Quality in EASIEST System by Jan 22, 2008.</h1> The circular addresses the poor data quality in the Electronic Accounting System in Central Excise & Service Tax (EASIEST), noting that 45% of challans lack an assessee code. It mandates banks to ensure that tax payments are not accepted without a 15-digit assessee code on the G.A.R.7 challan. It provides procedures for banks when the assessee code is present or absent in directories or online systems. Banks must verify codes through the NSDL-EASIEST website or require proof of registration. From January 22, 2008, records with invalid codes will not be accepted, and banks must update their directories fortnightly.
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