Electronic deposit requirement for service tax payments when a high-payment threshold is reached; payment must use internet banking. An amendment to the Service Tax Rules imposes a mandatory electronic deposit obligation: an assessee who paid service tax of fifty lakh or more in the preceding financial year, or has already paid that amount in the current financial year, must deposit service tax due electronically through internet banking.
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Provisions expressly mentioned in the judgment/order text.
Electronic deposit requirement for service tax payments when a high-payment threshold is reached; payment must use internet banking.
An amendment to the Service Tax Rules imposes a mandatory electronic deposit obligation: an assessee who paid service tax of fifty lakh or more in the preceding financial year, or has already paid that amount in the current financial year, must deposit service tax due electronically through internet banking.
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