« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Finmin rules out autonomy to NHAI for PPP projects... Transfer pricing audits: No review of threshold cap now... » e-payment of service tax mandatory for big assessees September, 25th 2006 All assessees who have paid Rs 50 lakh or more as service tax during the preceding financial year or whose payment of service tax exceeded Rs 50 lakh during the current financial year, are required to pay service tax electronically with effect from October 1. A notification was issued on Thursday. According to an official release, field officers and banks have been advised to contact the service tax assessees and extend all necessary assistance to make the transition smooth and successful. Service tax commissionerates have also been organising interactive programmes, for the benefit of the assessees, in coordination with the bankers and the officers of the Principal Chief Controller of Accounts, the release said. In consonance with its policy to increasingly use information technology to improve the operational efficiency of collection of taxes and to reduce the transaction cost, the government has made electronic mode of payment of service tax obligatory for high value service tax payers, the release said.