Service tax — Compilation/Reconciliation of Service tax revenue receipts

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..../2002) dated 16-9-2002 explaining briefly the procedure to be followed for reconciliation of revenue receipts in respect of Service tax. A lot of difficulties are faced in reconciliation of Service tax revenue. In order to streamline the reconciliation work of revenue receipts under the major head 044 (Service Tax), it has been decided to revise the present procedure and do the reconciliation in ....

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....ervice tax. III. The date of deposit of cheque is the date of payment of service tax subject to realization. If the cheque bounces, it would mean as if the tax has not been paid and the necessary penal consequences would follow. IV. A running serial number should be allotted by the assessee himself on the top of the challan. V. The Bank Branch Code No. in which the tax is paid should be properl....