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Digital mode of payment while making financial transantions-past assessments

 Notice Date : 09 December 2016

F. No. 137/ 155 /2012-Service Tax( Part-I)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Service Tax Wing

New Delhi, the 9th December , 2016


All Principal Chief Commissioners / Chief Commissioners of Central Excise/Service Tax

Principal Directors General/ Director General Goods and Service Tax/ Central Excise

Intelligence/Systems/ Audit/ / Tax Payer Services/Performance Management

Chief Commissioner AR CESTAT

All Principal Commissioners/Commissioners of Central Excise/Service Tax

All Principal Additional Directors General/ Additional Directors General Audit


Recent initiatives of the government to curb black economy in the country encourage people to shift towards digital mode of payment while making financial transactions. By adopting a digital mode of payment, no financial transaction would remain undisclosed and consequently an enhanced turnover might get reflected in the books of accounts. Under the circumstances an apprehension has been raised that increased turnover on account of use of digital means of payment may lead to demands for the earlier period. It is hereby clarified that in indirect taxes, past assessments will not be reopened for this reason alone.

Yours faithfully

Dr. Gaurav Mittal

( Officer on Special Duty)


on 12 December 2016
Notification No : 137/ 155 /2012-Service Tax( Part-I)
Published in Service Tax
Source : ,

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