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of <h1>Mandatory E-Payment of Service Tax for Taxpayers with Rs. 50 Lakhs+ Turnover; 26 Banks Authorized for Collection.</h1> E-payment of service tax has been mandated for taxpayers who paid Rs. 50 lakhs or more in the previous or current financial year. The notice outlines the prerequisites, procedures, and receipt modes for e-payment, as detailed in Annexure III. A list of 26 banks authorized to collect service tax electronically is provided, applicable to various Commissionerates, particularly the Chennai Service Tax Commissionerate. Trade associations are urged to inform their members and relevant parties about these requirements.
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