E-PAYMENT

 

E-payment of Central Excise and Service Tax

 

e-payment is a mode of payment in addition to the conventional methods of payment offered by the banks under  specific security norms of Reserve Bank of India. This scheme facilitates anytime, anywhere payment and an instant cyber receipt is generated once the transaction is complete. It provides the convenience of making online payment of Central Excise and Service Tax through Bank’s Internet banking service.

 

Facility is available to: -

 

· Registered Central Excise/Service Tax Assessee who possesses the 15 digit PAN based Assessee Code.

· Customer of any authorized bank, which provide e-Payment solution.

· Customers having Banks’ Internet banking ID.

· Customers who have given the option for effecting Central Excise/Service Tax payment through the internet with the authorized bank.

                                        

Time of Payment: -

 

· This is a 24x7 facility.

· All payments effected up to 8 p.m. will be accounted for the day as that day’s receipt.

· Payments effected after 8 p.m. will be accounted as the next working day’s receipt.

 

Procedure for Payment: -

 

· Customer should log-on to the bank’s Internet site after entering the user Id and password provided to them by the bank.

· They should fill the on-line Challan.

· The customer should select the appropriate tax type from the pop up menu and enter the tax amount.

· Thereafter the challan should be submitted electronically.

· The customer has to thereafter enter his User Id and Password to enter in the secured  e-banking area.

· Customer should select an account for debiting the total tax amount.

· Authorize the payment.

 

Challans are Receipts-

 

· Cyber receipt with transaction number of the bank becomes available immediately.

· On the next working day, the acknowledgement of the challan duly signed and stamped  is made available to the taxpayer at the given address by the bank.

 

Advantages to the customers: -

 

· Ease of operation and convenience.

· Facility is available 24x7.

· No queue and waiting.

· On line filling of single challan.

· Minimum fields of the challan need to be filled. Most of the fields are populated automatically.

· Selection of tax type is from drop-down menu.

· Instant Cyber receipt with banks transaction number becomes available.

· The acknowledgement of the challan gets delivered at the customer’s address.

 

The acknowledgement of the challan will contain the CIN which is a unique 20 digit identifier containing the BSR code of the bank branch (7 digits), the date of deposit (8 digits), and the challan sequence number (5 digits). This number is to be quoted by the taxpayer in his Central Excise /Service tax return. The assessee can also see the details of tax payment on https://nsdl.co.in/ by entering the CIN. The format of the GAR 7 challans is available on http://http://www.cbec.gov.in/ 

List of 28 Banks authorized to collect Central Excise duties and Service tax electronically through internet banking is below:-

Sr. No.

Name of Bank

Name of Bank Name of Central Excise / Service Tax Commissionerates for which the Bank is authorized to collect Revenue through e-Payment

1

Allahabad Bank

All Commissionerates

2

AXIS Bank

All Commissionerates at Delhi, Bangalore, Hyderabad, Mumbai

3

Bank of Baroda

All Commissionerates

4

Bank of India

All Commissionerates

5

Bank of Maharashtra

All Commissionerates

6

Canara Bank

All Commissionerates

7

Central Bank of India

All Commissionerates

8

Corporation Bank

All Commissionerates

9

Dena Bank

All Commissionerates

10

HDFC Bank

All Commissionerates at Delhi, Bangalore, Kolkata, Mumbai

11

ICICI Bank

All Commissionerates at Delhi, Chennai, Hyderabad, Mumbai

12

IDBI Limited

All Commissionerates at Delhi, Chennai, Kolkata, Mumbai

13

Indian Bank

All Commissionerates

14

Indian Overseas Bank

All Commissionerates

15

Punjab National Bank

All Commissionerates

16

State Bank of Bikaner & Jaipur

All Commissionerates

17

State Bank of Hyderabad

All Commissionerates

18

State Bank of India

All Commissionerates

19

State Bank of Indore

All Commissionerates

20

State Bank of Mysore

All Commissionerates

21

State Bank of Patiala

All Commissionerates

22

State Bank of Saurashtra

All Commissionerates

23

State Bank of Travancore

All Commissionerates

24

Syndicate Bank

All Commissionerates

25

UCO Bank

All Commissionerates

26

Union Bank of India

All Commissionerates

27

United Bank of India

All Commissionerates

28

Vijaya Bank

All Commissionerates

 

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