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 .

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

It is made mandatory to pay service tax electronically with effect from 01.01.2014.   The assessee is to arrange with the banks for making payment online within the due date; otherwise to pay with interest.

Regards,

M. GOVINDARAJAN 

 

 

[satbir singhwahi]

Bank also pays online and give online receipt . This receipt will be ok.

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

In the electronic payment you have to your service tax registration number, the amount of service tax, education cess, secondary and higher secondary education cess, the accounting code of the respective service.  The system will generate cyber receipt containing all details of payments.  The entire thing can be done in your premises and you need not require the help of bank.   The receipt obtained otherwise is not valid.

Regards,

M. GOVINDARAJAN

 

AI Summary

Mandatory electronic service tax payment requires online remittance with registration and accounting codes; non-electronic receipts are invalid. Service tax payment is mandatorily electronic; taxpayers must pay online using their service tax registration number, tax amount, applicable cesses and the accounting code for the service. The payment system generates a cyber receipt with full payment details, and receipts obtained outside the electronic system are not valid evidence of compliance.