TIOL-DDT 415 · Thursday, 27 July 2006 · story 1 of 3

EASIEST

Electronic Accounting System in Central Excise & Service Tax

Now you can actually pay your excise and Service Tax without moving out of your office, any time you want to pay, using the internet banking facility.

This is how it works:-

++ Register with the bank for e payment

++ Log on to the bank’s web site

++ Enter the secure zone with your user name and id

++ Select “pay tax” – CBEC; you get a challan to fill up

++ Your assessee code, location code etc are validated and you are taken to the “make payment” section

++At this stage you can “continue” or “cancel”

++ Once you continue, you are taken to your bank account from which you will have to authorize debit.

++ Once payment is made you get a system generated payment confirmation number.

++ The Bank will print the challan and send one copy to the Range and the PAO and two copies will be delivered to the tax payer.

As on July 26, 2006, this facility is available with the following banks.

1. Union Bank of India

2. UTI Bank

3. ICICI Bank

4. HDFC Bank

5. IDBI Bank

6. SBI

7. PNB

8. IOB

9. State Bank of Travancore

10. Bank of India

11. Corporation Bank

12. State Bank of Saurashtra

13. Indian Bank

14. State Bank of Patiala

15. State Bank of Hyderabad

16. Syndicate Bank

17. State Bank of Bikaner and Jaipur

18. Vijaya Bank

19. State Bank of Indore

20. Bank of Maharashtra

21. State Bank of Mysore

22. United Bank of India

23. Bank of Baroda

Try it! Paying taxes is as simple as buying an online ticket.