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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Requires E-Payment for Excise Duties and Service Tax Over Rs. 50 Lakhs; 14 Banks Integrated.</h1> The Government of India mandates electronic payment of Central Excise Duties and Service Tax through internet banking for assessees paying over Rs. 50 lakhs annually. To address data inaccuracies, non-financial validations like assessee code and location code are conducted on the NSDL website before proceeding to authorized banks for payment. Fourteen banks are currently integrated with this system, and others are being urged to comply. The process involves entering the assessee code, selecting the type of tax, and completing the transaction via a secure link to the bank's website. NSDL and banks play critical roles in ensuring secure and accurate transactions.
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