https://www.taxtmi.com/news?id=1687 The Ministry found that physical challans delayed payment confirmation due to bank reporting at 'T'+3 whereas online payments were reported at 'T'+1, causing slower processing of MCA services. To improve service delivery, electronic payment was mandated for MCA services up to a prescribed threshold from 27 March 2011, with a transitional option for higher payments until a later date when all payments must be electronic; the reform standardises payment channel and accelerates workflow creation. en-us Fri, 11 Mar 2011 23:56:13 +0530 Fri, 11 Mar 2011 23:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1687 The Ministry found that physical challans delayed payment confirmation due to bank reporting at 'T'+3 whereas online payments were reported at 'T'+1, causing slower processing of MCA services. To improve service delivery, electronic payment was mandated for MCA services up to a prescribed threshold from 27 March 2011, with a transitional option for higher payments until a later date when all payments must be electronic; the reform standardises payment channel and accelerates workflow creation. News - Fri, 11 Mar 2011 23:56:13 +0530 https://www.taxtmi.com/news?id=1687