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<h1>Electronic Payment Mandate for Service Tax Over Rs. 50 Lakh Effective October 1, 2006, per Fourth Amendment Rules.</h1> The Central Government has amended the Service Tax Rules, 1994, mandating that any assessee who has paid service tax of Rs. 50 lakh or more in the previous or current financial year must deposit the service tax electronically via internet banking. This amendment, titled the Service Tax (Fourth Amendment) Rules, 2006, will take effect on October 1, 2006. This change aims to streamline the process for larger taxpayers by requiring electronic payments for service tax liabilities exceeding the specified threshold.