Service tax collection procedures: nominated public sector banks must collect, account and refund service tax under existing CBEC/RBI banking rules. The RBI Revised Memorandum of Instructions for collection, reporting, accounting and payment of refunds by public sector bank branches applies mutatis mutandis to service tax receipts credited to Head of Account 0044-Service Tax. Assessees must deposit service tax using the prescribed Form TR 6 challan in quadruplicate by the monthly deadline, and banks nominated under the CBEC collection scheme shall accept and process these deposits under CBEC accounting and reporting procedures.
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.
Service tax collection procedures: nominated public sector banks must collect, account and refund service tax under existing CBEC/RBI banking rules.
The RBI Revised Memorandum of Instructions for collection, reporting, accounting and payment of refunds by public sector bank branches applies mutatis mutandis to service tax receipts credited to Head of Account 0044-Service Tax. Assessees must deposit service tax using the prescribed Form TR 6 challan in quadruplicate by the monthly deadline, and banks nominated under the CBEC collection scheme shall accept and process these deposits under CBEC accounting and reporting procedures.
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