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Introducing the “In Favour Of” filter in Case Laws.
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<h1>E-Payment Mandated for Service Tax from Oct 1, 2006, for Those Paying Rs 50 Lakh+; Initial Leniency Advised.</h1> The circular mandates e-payment of service tax from October 1, 2006, for assessees who paid Rs 50 lakh or more in the previous or current financial year. Initial implementation issues like bank procedural delays and system failures have been noted, and leniency is advised for non-compliance due to these issues. Assessees should expedite internet banking arrangements. The Rs 50 lakh criterion applies to each registered premise individually, except for Large Taxpayers where cumulative payments are considered. Both cash and CENVAT credit payments are included in the Rs 50 lakh calculation. Guidance is provided for trade and field formations.