Historical Perspective: Service Tax - Central Excise Practice Manual (OLD) - Central Excise

Historical Perspective: Service Tax The provisions requiring mandatory payment of Central Excise Duty/Customs Duty/Service Tax has covered a significant journey since introduction in 2006/2007. The following details will help us in understanding this journey. Vide notification No. 27/2006-Service Tax, dt.21.09.2006 (with effect from 1.10.2006), first time, e-payment of Service Tax was made mandatory for Service Tax assessees who had paid tax of Rs. 50 Lakhs or above in the immediately preceding financial year or had already paid Service Tax of rupees fifty lakhs in the current financial year. Vide notification No.01/2010- Service Tax dated 19.02.2010 (with effect from 1.4.2010), the prescribed limit for e-payment was lowered to Rs. 10 lakhs or more [Cash + CENVAT] in the preceding financial year. Vide notification No. 16/2013- Service Tax dated 22.11.2013 ( w.e.f. 01.01.2014), the prescribed limit for mandatory e-payment was lowered to Rs. 1 lakhs or more [Cash + CENVAT] in the preceding financial year. Vide notification No. 9/2014-ST, dated 11.07.2014 (w.e.f. 01.10.2014) , it has been made mandatory for all Service Tax assessees except in exceptional circumstances permitted by the jurisdictional AC/DC.