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Practical Issues of E-Payment of Taxes !

CA. Dashrath Maheshwari (TaXpert) (15103 Points)

30 December 2008

Banks still accepting physical challans
What are the consequecies if e-payment is not made ?
Unclear FAQ's issued by the department
Sharing of login and passwords with all the branches of the company, having TAN.
Difficulty to small and medium sized concerns. (There is no threshold limit)
Each bank have its own type of e-Payment Reference No. (No Similarity)

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4 Replies

Prabeer (B. COM (H) CA & CS Final) (5484 Points)
Replied 30 December 2008

Yes, sir it's true that some Govt. owned banks (like SBI) are still accepting physical challans for payment of tax.

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CA CS Akashdeep Singh (Practicing CA) (1394 Points)
Replied 30 December 2008

Yes, many bank provide both services i.e., manual and netbanking for payment of tax.

In service tax , it is mandatory to make e-payment if, last year or current year tax paid by you is more than Rs. 50,00,000/-.

In excise,it is mandatory to make e-payment if, last year tax paid by you is more than Rs. 50,00,000/-.

Rupesh Maheshwari (ACA, Dip. IFR (ACCA)) (6166 Points)
Replied 30 December 2008

i have faced situations when the payment is confirmed but the receipt does not generate due to server problem............in such a situation it is very difficult to recover the lost challan