Please
Note: Online Payment of Service Tax made through ICICI Bank, HDFC Bank and Axis
Bank can be done by assesses for selected commissionerates only. Online payment
of service tax made through any other authorised bank is accepted for all
commissionerates.
In
case of excess payment of service tax whether paid through GAR 7 Challan or
paid online, an assessee can either adjust the excess Service Tax paid against
his future liability or can claim service tax refund in case the self
adjustment is not possible The most concerning part about Service Tax is the
Procedure for Payment of Service Tax. When it comes to Service tax, we have two
options of payment of Service Tax i.e. we can either make payment of ServiceTax physically in the specified banks or opt for online payment of service tax.
Service Tax Payment is liable to be made on a Monthly/Quarterly basis and in
case of deposit after the Due Date of Payment of Service Tax, Late Payment
penalty is liable to be paid.
The
Procedure for Physical Deposit of Payment of Service Tax in Bank through GAR-7
Challan as well as Online Payment of Service Tax has been explained below in
this article.
It
is pertinent to note here that Online Payment of Service Tax has been made
mandatory wef 1st January 2014 in case the payment made during the previous
year is more than Rs. 1 Lakh. This amendment has been brought in vide
Notification No. 16/2013 – Service Tax dated 22nd Nov.
Physical Payment of Service Tax through GAR 7 Challan
An
Assessee can make Payment of Service Tax manually in a bank as well through the
GAR-7 Challan. With effect from April 2007 onwards, payment of service tax
physically a bank shall be paid through the GAR-7 Challan. (Download: Service
Tax GAR -7 Challan)
At
the time of Payment of Service tax in a bank, the banker shall stamp the
acknowledgement of the GAR 7 Challan with the CIN – Challan Identification
Number. The Challan Identification Number has 3 parts –
7 Digit BSR Code of the Bank where the
Service Tax is deposited
Date of Deposit (DD/MM/YY) of Tax
Serial No. of Challan
Challan
Identification No. (CIN) is stamped on the acknowledgement receipt to uniquely
identify the tax payment. Challan Identification No. (CIN) has to be quoted in
the return of income as a proof of payment. CIN is also to be quoted in any
further enquiry. Therefore, you must ensure than the CIN (comprising of the
above 3 parts) is stamped on the Challan by the Bank.
The
Reserve Bank of India has already passed an order dated April 1, 2004 making it
compulsory for all tax collecting branches of banks to use a rubber stamp
acknowledgement that carried the CIN. A Separate CIN is given for each Challan
Deposited.
GAR
7 Challan Status Enquiry
A
Unique feature has been launched wherein the assessee can track the status of
the Challans deposited in the Banks. On entering the Challan Identification No.
on https://onlineservices.cbec.nsdl.com/csi/servlet/ExciseQuery, the Assessee
can view the following details:-
BSR Code
Date of Deposit
Challan Serial Number
Assessee Code
Name of Assessee
Date
of Receipt by NSDL
Confirmation that the amount entered is
correct
Online Payment of Service Tax
As
the name suggests, any payment made electronically is called online payment or
e-payment. In the case of service tax, deposition of Service tax payable to the
bank via electronic transfer is called online payment of service tax. For
e-payment of service tax, one should have a net banking account with one of the
authorized banks which are mentioned in the list of banks authorised on
http://www.aces.gov.in/ePayment.jsp
The
following 3 steps explained will help you in Online Payment of Service Tax in 3
simple Steps.
Step 1
Log
on to https://cbec.nsdl.com/EST/InputPageForEPaymentServlet, and enter your 15
Digit Service Tax Registration Number allotted to you by the department.
Enter
the Characters in the Image Verification Tab. Based on your Inputs, an on-line
validation then gets done to check/confirm if the has been registered in ACES.
Post
validation, your details like name, address, Commissionerate Code etc. as
present in the Assessee Code Master will be displayed. On the basis of your
code, the type of tax to be paid will also be automatically selected.
Step 2
In
the next tab, select the Accounting Codes for Service Tax by clicking on it which will lead to opening of a new opening from where
you can select the Service on which Tax is to be paid.
After
selecting the service, also select both the Education Cess
Step 3
After
submitting the above details, choose the Bank from where you wish to make the
payment and click Proceed
It
will now lead your Bank Login Page. On entering your Bank Login details, it
will lead you to a page wherein you have to Submit the details of Service Tax
Payable and the Cess applicable thereon
On
successful payment, a printable acknowledgement indicating the Challan
Identification Number would be generated. This Challan counterfoil so generated
would show the payment details and bank name through which online payment of
Service Tax has been made. This Challan Identification Number is proof of
payment being made would be required to be furnished at the time of filing of
Service Tax Return
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