• Indirect Taxes: The Central Government; vide Notification No.27/2006 dated 21^st September, 2006 & Notification No. 8/2007 dated 1st March 2007, had amended the indirect tax Rules to make e-payment of service tax and excise duty mandatory for certain assesses. For all the assesses paying excise and service tax to the tune of Rs. 50 lakhs and above per annum, it will be mandatory to make the payment through e-mode from 1st April, 2007.
• Direct Taxes: The Central Government has made payment of Income Tax mandatory through the E-Payment mode w.e.f. 01/04/2008 for the following category of Tax-payers
  • Companies
  • All taxpayers whose cases are covered under provisions of Section 44AB of the Income Tax Act. (Tax Audit customers)
• Standard Chartered Bank has entered into correspondent bank tie– ups with HDFC Bank & Syndicate Bank to facilitate our customers to make these payments without them having to open an account with any empanelled bank.
  You can therefore pay your Excise, Service and Direct taxes online.
• All you have to do is to fill in a simple Application form / Tax Challan along with a Terms & Conditions sign–up form. Your account would be debited and funds remitted to the tax authorities.
• An acknowledgement will be sent to you immediately after the amount has been debited from your account.

Please contact your Relationship Manager for the Application form / Tax Challan

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Q. What documentation do you need to execute for availing this service?

You need to initiate the request for transfer using the application form for online remittance of indirect tax for every remittance of service tax & excise duty. The form should contain complete and accurate assessee details that would be required by SCB to make the transaction electronically. The form also contains Terms and Conditions of this service.

In specific cases (for payments through Syndicate Bank – ^*please refer to the next question for details), you will also need to submit an assessee code application letter (available with your RM) to register your assessee codes on the Internet banking of the correspondent bank.

Q. Which are the Commissionerate Locations that can be covered in this service?

All the Commissionerate locations for both service tax as well as excise duty can now be covered with HDFC Bank and Syndicate Bank arrangements in place. Hence, all who file their returns under any Commissionerates in India can utilize this service from SCB.

HDFC Bank is authorized to accept online service tax payments for all the Commissionerates in the region of Mumbai, Delhi, Bangalore and Kolkatta.

For Excise duty and Commissionerates other than the above 4 cities, we have an arrangement with Syndicate Bank to accommodate your requirements.^*For the payments via Syndicate Bank, you will have to submit an application letter to register your assessee codes atleast 7 days prior to making the payments. This will be a one time activity for registering your assessee codes which would be used for making the Service tax/ Central Excise duty payments on an ongoing basis.

Q. What are the cut–off times/ turnaround times for this service?

• The assessee needs to make online Service tax payment from 01^st to 05^th of every month to the government.
• The excise duty will be paid anytime during the month depending on the due date to the assessee as per CBEC guidelines.

Q. How and when will you receive the confirmation for the indirect tax payment?

You will receive a physical acknowledgement (challan copy) directly from HDFC Bank/ Syndicate Bank at the address mentioned in the remittance form within 3 days once the funds are remitted and the assessee details are uploaded on their website. The challan copy will contain all details of the remittance and is a valid proof of payment of Service Tax/ Excise duty. In case of non–receipt of this copy, you are requested to contact your RM

Q. What are the charges for online tax payment?

Each individual request would be charged @ Rs. 300 + applicable tax