Monday, 9 January 2017

CBEC prescribes registration & online tax payment procedure for non-taxable OIDAR service providers

CBEC prescribes procedure for registration & online payment of service tax in respect of online information & database access or retrieval services rendered by non-taxable territory assessees; Such assessees are required to fill and submit Form ST-1A, whereupon Registration Certificate in Form ST-2A shall be generated automatically; For payment purposes, taxpayer / assessee must have internet banking account in one of 7 prescribed foreign banks which include BNP Paribas, HSBC, Standard Chartered and Bank of America; Payment shall be routed through replica of EASIEST e-Payment portal, where assessee needs to select following Accounting Codes – 0153 for service tax on OIDAR, 0154 for interest and 1333 for penalties thereon, 1509 for payment of KKC, 1510 and 1512 for interest and penalties thereon respectively, and 1493 for SBC, 1494 for interest and 1496 for penalties thereon; Using the EASIEST web portal, assessee can view / download GAR-7 challan evidencing payment of service taxes : CBEC

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