Cut off time for e-Payment transactions (Service Tax and Central Excise)

CBEC now clarifies was cut off time (end of day) to determine the date of payment by an assessee in respect of e-Payment.

AS per the clarification, that e-Payment received upto 8.00 PM may be treated as received on that day and payment received after this limit may be treated as received on the next working day. 

See. Letter No. Coord. II/6-9/EASeR/ 414, dated 16-2-2008.