E- Payment of Service Tax
This query is : Resolved
16 September 2009
Is it compulsory to make all service tax payment as an E- Payment mode ?.
b) suppose if an assessee has to make service tax payment of Rs. 60 lacs and he has not opted for E-Payment facility with his bankers , can he make the cheque payment and get the credit of the same in his service tax liability ?.
b) suppose if an assessee has to make service tax payment of Rs. 60 lacs and he has not opted for E-Payment facility with his bankers , can he make the cheque payment and get the credit of the same in his service tax liability ?.
16 September 2009
Assessees who have paid Service tax of Rs. 50 L, either during the previous year, or during the current year is required to pay taxes by electronic mode. The 50 L shall include amt adjusted through Cenvat as well.
Payment can be made through cheque. But penalty for contravention of the applicable rules can not be ruled out.
Payment can be made through cheque. But penalty for contravention of the applicable rules can not be ruled out.
16 September 2009
Thanks Mr. Naik , what is the quantum of penalty if payment is made by a cheques with overdue interest if any is there ?
17 September 2009
It may extend to Rs. 5000/-Ref : Sec 77(d)
I can not comment, whether the penalty will be applicabe for each default(ie. for each challan made manually)
I can not comment, whether the penalty will be applicabe for each default(ie. for each challan made manually)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Sec 44ada applicable only or both
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Taxability of Partnership firm for FY 2025-26
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
