LARGE SERVICE TAX PAYERS WILL GO ONLINE

The revenue department has taken a decision that service tax assessees who pay Rs. 50 lakh or more will have to pay online from September on wards. As per the present norms, corporates have to pay service tax on a monthly basis while non-corporates have to pay the tax quarterly. A challan would be generated online in which each tax-payer would have to fill his registration or code number followed by online payment.