CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. India Reduces E-Payment Threshold

India Reduces E-Payment Threshold

by Mary Swire, Tax-News.com, Hong Kong

03 December 2013


The Indian Government is to lower the threshold for the mandatory online payment of both the central excise duty and the service tax.

Manufacturers are currently required to settle their tax liabilities online only after the total central excise duty they paid in the previous financial year exceeds INR1m (USD16,037). A service provider must follow the same procedure once their service tax payments top this threshold.

From January 1, 2014, the threshold will fall to INR100,000. The Finance Ministry says that the change is designed to facilitate trade and make the payment process more convenient.

TAGS: compliance | Finance | tax | tax compliance | India | banking | tax thresholds | excise duty | ministry of finance | tax authority | internet | tax planning | tax reform | trade | Tax

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »