Prior to the
notification No.1/2010, the electronic
payment option was available only to those
who had paid a service tax of Rs 50 lakh or
more including utilisation of Cenvat credit.
The service provider who pays the service
tax online will also have to file the
half-yearly service tax return
electronically through the ACES (Automation
of Central Excise And Service Tax) platform
from April 1.
With this amendment to rule 6(2) and rule
7(3) now even smaller service providers with
a service tax collection of up to Rs 83,333
per month (or Rs 10 lakh per annum) will
have to pay it online and file half-yearly
returns electronically.
