« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  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.