Journal Name:
- Review Of Research
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Abstract (Original Language):
The Central Board of Excise and Customs had made it mandatory for payment
of tax/duty electronically through internet banking for Central Excise and Service Tax
Assessees paying Rs. 50 lakhs or more duty or tax in the preceding financial year, or
those who had already paid Rs. 50 lakhs or more in the current financial year. Presently
the tax payers can pay taxes and duty through internet by accessing the internet facilities
of the authorized banks. In order to improve the data quality and after discussions with
the banks, modifications have been made in the system. It had been decided that this
facility will be made available to the tax payers through the NSDL gateway which will
provide the facility for the Assesses to generate challans online and thereafter pay the tax
online.
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