« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  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.