ELECTRONIC ACCOUNTING SYSTEM IN EXCISE AND SERVICE TAX

Introduction

Central Board of Excise and Customs (CBEC) initiate to receive information and maintain records of tax paid through banks through online upload of challan details is named as EASIEST ( Electronic Accounting System in Excise and Service Tax ).

Data uploaded by banks

CBEC has devised the file formats for uploading data regarding tax payment. Banks are expected to generate and upload tax data as per these formats.

Once the file has been prepared as per the file format, it can be verified for correctness of its structure using the File Validation Utility (FVU) provided by NSDL.

Single copy challan for excise and service tax

From April 2007 onwards assessees should pay tax using the single copy challan, GAR-7 instead of earlier four copies.

• GAR-7 - Proforma for Central Excise Tax Payments is to be used for payment of Excise and
• GAR-7 - Proforma for Service Tax Payments is to be used for payment of Service Tax.

Challan status enquiry

Assessees can track online the status of their challans deposited in banks. The status can be tracked on the basis of the Challan Identification Number (CIN) which is stamped on the challan counterfoil by the bank. CIN comprises of seven-digit BSR code of collecting bank branch, challan serial number (upto five digits) and date of tender.

Assessee Code based search

This facility enables the assessee view its details (name, address, location code) as present in the Assessee Master provided by CBEC. Details of assessee codes allotted for service tax and excise can be viewed using this facility.