Introduction of facility of payment Tax Refund claim amount directly to Exporters Bank account instead of issuance of cheques

Introduction of facility of payment Tax Refund claim amount directly to Exporters Bank account instead of issuance of cheques https://www.taxtmi.com/circulars?id=61298 Service tax refunds will be paid by direct electronic credit to exporters' bank accounts via NEFT/RTGS from 1 July 2016; claimants must submit a one time original authorization by 30 June 2016. Divisions will send weekly consolidated statements and a hard copy to the designated bank with the consolidated cheque; the bank will make NEFT/RTGS transfers after deducting applicable charges and send a weekly scroll to the divisions, which will record the transfers, deface original claim documents and forward files to Headquarters Audit. Pre audit procedures remain unchanged. en-us Thu, 23 Jun 2016 00:00:00 +0530 Wed, 11 Feb 2026 15:58:18 +0530 TaxTMI RSS Generator Introduction of facility of payment Tax Refund claim amount directly to Exporters Bank account instead of issuance of cheques https://www.taxtmi.com/circulars?id=61298 Service tax refunds will be paid by direct electronic credit to exporters' bank accounts via NEFT/RTGS from 1 July 2016; claimants must submit a one time original authorization by 30 June 2016. Divisions will send weekly consolidated statements and a hard copy to the designated bank with the consolidated cheque; the bank will make NEFT/RTGS transfers after deducting applicable charges and send a weekly scroll to the divisions, which will record the transfers, deface original claim documents and forward files to Headquarters Audit. Pre audit procedures remain unchanged. Circulars Service Tax Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61298