EASIEST – RBI guidelines – banks not to accept if the assessee code is not mentioned in the challan
In case, you don't remember, EASIEST stands for Electronic Accounting System in Central Excise & Service Tax .
RBI has noted that the quality of data reported under EASIEST continues to be poor. Approximately, 45% of the challans do not bear any assessee code. RBI says that indication of assessee code and location code in the G.A.R.7 challan by the tax payer has since been made mandatory. Banks are, therefore, advised that no payment of Central Excise & Service Tax should be accepted by bank branches unless the assessee code of the tax-payer is quoted on the G.A.R.7 challan . At the time of acceptance of the challans , the authorised bank branches should, therefore, ensure that the 15 digit/character valid assessee code is quoted by the tax-payer in the challan .
The RBI has also instructed the banks on how to deal with different situations when the assessee code is not available.
RBI /2007-2008/224 DNBS / PD( MGC ) C.C.111 / 03.11.001 /2007-08 Dated: January 15, 2008