Mandatory e-payment of Service tax by large tax payers — Interim accounting arrangement

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....ed by the Pr. Chief Controller of Accounts, CBEC, AGCR Building, 1st Floor I. P. Estate New Delhi and that with the introduction of mandatory e-Payment for high value Service Taxpayers, the need for eliminating the concept of designated banks for collection of tax through e-Payment arose. In continuation of the Trade Notice No. 4/ST/2006 dated 7-9-2006, it is further brought to the kind notice of ....

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....iving branch and FPB for e-Payment collections. The scrolling will be Commissionerate-wise and Major Head-wise. (d)    Collection through e-Payment mode for other Commissionerates that are 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 ch....

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....ng address of Pay and Accounts offices against each Commissionerate Code will be provided to the banks to enable correct distribution of stamped and receipted challans as above. The above procedure will allow revenue reconciliation and bank reconciliation with out any deviation from the existing procedure till the Electronic Accounting Solution is put in place and stabilize.  The Trade ....