« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  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.