Saturday, August 28, 2010

Assessee Code Mandatory for Excise and Service Tax payments

on Saturday, August 28, 2010

Reserve Bank of India has issued a Direction to Banks that not to accept the Payment of excise duty/ service tax without 15 digit service tax or excise number.The directions are applicable from cheque tender on 01.09.2010 or thereafter .so if you are assessee of excise duty and service tax then you should arrange your service tax code/exise code.New service tax code is 15 digit pan based number ,in which first 10 digits are PAN number and next two is ST and last three are sr number starting from 001 for each site registration against a particular pan.

Suppose your pan is AAAPS1925E then your service tax number must be AAAPS1925EST001 ,if you have two registration against different locations then second number must be AAAPS1925EST002.Further you can check your number detail by filing your tentative number in below given field.

RBI circulars in this regards is reproduced hereunder.

With effect from September 1, 2010, RT 51 and 58 records pertaining to challans with cheque tender date greater than September 1, 2010 will be accepted at EASIEST central system (NSDL) only with a valid assessee code present in the assessee code directory.
(G.C. Biswal) Deputy General Manager


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