sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19
 Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
 Delayed release of electronic ITR forms may compel CBDT to extend the filing deadline
 Trading volume linked to tax return?

Ministry orders e-filing of excise, service tax
March, 08th 2007

After the launch of the e-filing process for income tax returns, it is now the turn of excise and service tax departments.

The finance ministry has made it mandatory for all assessees paying excise and service tax of Rs 50 lakh and above, to pay the tax electronically in the 2007-08 fiscal. Service tax officials said that the ministry on Wednesday, launched the Electronic Accounting System in Excise and Service Tax (Easiest).

The electronic method of filing tax and returns is the most convenient method for the payment of excise and service taxes, said the official. He also noted that the finance ministry would eventually make e-payment mandatory for the filing of all taxes and returns.

The Central Board of Excise and Customs (CBEC) has appealed to businessmen to pay their tax dues on time and to avoid any punitive action against them by the department.

The new scheme, Easiest, has been introduced by the CBEC in association with the principal chief controller of accounts, the Reserve Bank of India and 28 scheduled banks. The scheme will address the drawbacks or flaws in the already existing accounting system. As per the existing system, the tax payer has to manually file four copies of the same challan.

However, with the Easiest system, the tax payer would be required to only fill a single challan for the payment of Central excise and service tax. Another official noted that Easiest used the electronic environment for expeditious transmission of tax information to ensure greater accuracy and reliability of tax payment data.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions