Mandatory e-payment and e-filing of returns for Central Excise and Service Tax - Hyderabad CC's Press Note
THE Chief Commissioner of Central Excise and Service Tax, Hyderabad Zone has issued a press note advising all manufacturers, dealers and service providers to avail ACES and EASIEST, e-Governance facilities of the Government of India to file their returns and deposit duty payments.
The press note refers to the two recent notifications issued by the Government of India viz., Notification No. 04/2010-CE(NT) and 01/2010-ST both dated 19.02.2010 as per which, all the assessees who have paid excise duty/service tax of Rs. 10 lakhs or more including the amount paid by utilization of CENVAT credit in the preceding financial year, shall file their returns electronically and deposit the excise duty/service tax electronically.
The Press Note warns that Non compliance would invite penal action. What if the Department is not able to comply in accepting the returns electronically?
The press note further mentions that the e-payment of excise duty and service tax can be made through twenty eight designated banks and the list of such designated banks is available at the departmental website (http://aces.gov.in). The returns could also be filed electronically on this website.
Only the other day, in 17.03.2010, we reported about a letter issued by an anxious DGS & DM to all the field formations, calling their bluff on 100% implementation of ACES and exhorting them to clean up their act and ensure a smooth functioning of ACES so that the department can successfully transit into the new GST regime.
We hope that All izz well with ACES and wish the department all the very best in their e-ndeavour.