E PAYMENT OF

[satya k]

iS THERE ANY CHANGE IN FOR LIMIT OF E PAYMENT
EARLIER IF ASSESSES CROSSED 5000000 DUTY THEN HE WILL PAY COMPULSORLY THROUGH E PAYMENT

[CA Rachit Agarwal]

Now it has been changed to Rs. 10 Lacs.

This 10 Lacs is sum of PLA account and Cenvat Credit accounts. Hence alone PLA should not be considered.

[rishi mohan]

Electronic payment of Service Tax has been made mandatory for assessees whose total Service Tax payment including utilization of CENVAT credit for the preceding financial year is Rs.10 lakh or more.

Electronic filing of half-yearly return has been made mandatory for assessees whose total Service Tax payment including utilization of CENVAT credit in the preceding financial year is Rs.10 lakh or more.

For further information you may visit the following link

https://www.taxtmi.com/notifications?id=22594

AI Summary

E-payment threshold for Central Excise and Service Tax raised to Rs. 10 lakh, including CENVAT credit utilization. A query regarding changes in the e-payment threshold for Central Excise was discussed. Initially, assessees exceeding a duty of Rs. 5,000,000 were required to use e-payment. It was clarified that the threshold has been updated to Rs. 10 lakh, considering both PLA and Cenvat Credit accounts. Additionally, electronic payment and filing of service tax returns are mandatory for assessees with a total service tax payment, including CENVAT credit utilization, of Rs. 10 lakh or more in the preceding financial year.