Sun04202014

Last updateFri, 18 Apr 2014 2pm

Font Size

SCREEN

Profile

Layout

Menu Style

Cpanel

Breaking News

  • Pause
  • Previous
  • Next
1/6
Back You are here: Home Business & Industry Limit for mandatory e-payment of central excise and service tax reduced

Limit for mandatory e-payment of central excise and service tax reduced

Gujarat Global News Network, New Delhi

The Central Government has decided to reduce the threshold limit of mandatory e-payment from Rs.10 lakh to Rs.one lakh for Central Excise and Service Tax both with effect from January 1, 2014.

 

Accordingly a manufacturer or a service tax provider who has paid a duty or tax of more than Rs.one lakh in the previous financial year shall be required to pay duty or tax through internet banking.  

This step has been taken as a measure of trade facilitation and would increase coverage of e-payment, a release from Finance Ministry said.

 

For news in Hindi see our Hindi daily Chaupal Chronicle