LTUs to pay Excise Duty and Service Tax only electronically
In No. 834/11/2006- CX dated 05.10.2006, the CBEC pleaded in para VI,
As the e-payment facility has been provided for payment of central excise duty and service tax, large taxpayer may be requested to opt for e-payment as far as possible as it will reduce the compliance cost, and it will be beneficial for the department also for revenue reconciliation.
Board now notes that most of the large taxpayers are already covered under the mandatory e-payment clause. So to ensure proper accounting of the departmental revenues, this para of the circular is amended as:
“VI. Duty Payment:
As e-payment facility has been provided for payment of central excise duty and service tax, large taxpayers shall pay the central excise and service tax dues electronically only, through internet banking. However, in case of difficulties in e-payment, a large taxpayer is permitted to pay the duty through banks (except in such cases where e-payment is mandatory) in the jurisdiction of the LTU Commissionerate only.”
CBEC Circular NO. 878/16/2008- CX Dated: 21st November , 2008