on line sr tax payment

[satbir singhwahi]

SBI is not accepting chq for sr tax payment above Rs. 1 lac. But bank also pays online and give online challan . Party does not hv online password . What is the way out to pay as last date .

AI Summary

Electronic Payment of Service Tax Mandatory Since 2014; Late Payment May Incur Interest Charges A user raised a query regarding the inability to pay service tax above Rs. 1 lakh via cheque at SBI, as they lacked an online banking password. It was clarified that from January 1, 2014, electronic payment of service tax is mandatory. The user was advised to coordinate with banks for online payment or face interest charges for late payment. An expert explained the process, highlighting the need for a service tax registration number and other details for generating a valid cyber receipt, which can be done independently without bank assistance.