“PAYMENT OF CENTRAL EXCISE DUTY AND SERVICE TAX THROUGH INTERNET BANKING”

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.