← the bulletins

TIOL-DDT 573 · Thursday, 15 March 2007 · story 2 of 5

More on Easiest

By Vijay Kumar

E-payment of Central Excise and Service Tax

e-payment is a mode of payment in addition to the conventional methods ofpayment offered by the banks under specific security norms ofReserve Bank of India.This scheme facilitates anytime, anywhere payment and an instant cyber receipt isgenerated once the transaction is complete. It provides the convenience of making onlinepayment of Central Excise and Service Tax through Bank’s Internet banking service.

Facility is available to:-

  • Registered Central Excise/Service Tax Assessee who possesses the 15 digit PANbased Assessee Code.

  • Customer of any authorized bank which provide e-Payment solution.Customers having Banks’ Internet banking ID.

  • Customers who have given the option for effecting CentralExcise/Service Taxpayment through the Internet with the authorized bank.

Time of Payment:-

  • This is a 24x7 facility.

  • All payments effected up to 8 p.m. will be accounted for the day as that day’sreceipt.

  • Payments effected after 8 p.m. will be accounted as the next working day’sreceipt.

Procedure for Payment:-

  • Customer should log-on to the bank’s Internet site after entering the user Id andpassword provided to them by the bank.

  • They should fill the on-line Challan.

  • The customer should select the appropriate tax type from the pop up menu andenter the tax amount.

  • Thereafter the challan should be submitted electronically.

  • The customer has to thereafter enter his User Id and Password to enter in thesecured e-banking area.

  • Customer should select an account for debiting the total tax amount.

  • Authorize the payment.

Challans are Receipts:-

  • Cyber receipt with transaction number of the bank becomes availableimmediately.

  • On the next working day, copies of the challans duly signed and stamped aremade available to the taxpayer at the given address by the bank.

Advantages to the customers:-

  • Ease of operation and convenience.

  • Facility is available 24x7.

  • No queue and waiting.

  • On line filling of single challan.

  • Minimum fields of the challan need to be filled. Most of the fields are populatedautomatically.

  • Selection of tax type is from drop-down menu.

  • Instant Cyber receipt with banks transaction number becomes available.

  • Receipted copy of the challans gets delivered at the customer’s address.