Mandatory e-Payment of Service Tax by large taxpayers : Proposed interim accounting arrangement for e-Payment collection.

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....nt of Service Tax by large taxpayers : Proposed interim accounting arrangement for e-Payment collection. Kindly refer to our telephonic conversation on the subject dated 03.10.2006. With the introduction of mandatory e-Payment for high value Service Taxpayers, the ned for eliminating the concept of designated banks for collection of tax through e-Payment arose. A detailed paper on Process and Ac....

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....ranch and FPB for e-Payment collections. The scrolling will be Commissionerate-wise and Major head-wise. (d) Collection through e-Payment made for the Commissionerate that the not covered for physical collection will be collated at a branch in Delhi (Such CBS branch will be identified by the bank) for scrolling. The branch so identified will prepare hard copies of challan (4 copies). The distribu....