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FAQs
- Excise & Service Tax Collection |
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What
types of taxes are included under Indirect Tax ?
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Indirect Taxes include:
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Central Excise |
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Service Tax |
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Customs Duty |
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What type of taxes can we collect?
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| We have been authorised to by Central Board
of Excise and Customs (CBEC) and Reserve Bank of India (RBI) to collect Central
Excise and Service Tax. |
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At which locations can we collect Central Excise and Service Tax?
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We have been authorised to collect Central
Excise and Service Tax at Delhi and Mumbai for the following Commissionarates:
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Delhi (Commissionerates
I to IV) |
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Mumbai (Commissionerates I to V) |
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Belapur |
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Raigad |
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Thane (Commissionerates I and II) |
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Bangalore (Commissionerates I to III) |
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Kolkatta (Commissionerates I to VII) |
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When are these taxes payable ?
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The due dates for payment are as under :
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Central Excise:
For Non-SSI units, 5th of the following month
For SSI units, 20th of the following month |
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Service Tax:
25th of following month |
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How is Tax Paid ?
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The assessee pays the tax by way of a challan
along with
cash or cheque |
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What is a Challan ?
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| CBEC has defined specific forms (TR-6
) for each type of tax. These are required to be filled in by the taxpayer
and submitted along with the cheque/cash at the bank counter |
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Can all our branches accept taxes ?
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| At present CBEC and RBI have permitted
us to collect taxes at specified branches only.
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What is the process of depositing taxes and is it the same for the
two types of challans and taxes ?
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| Yes the Process is same
and is follows:
| Step 1 |
The taxpayer will come to the collecting branch of
the bank with his challan and the cheque and submit the same at the
specified collection counter. |
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| Step 2 |
The collection counter staff will scrutinise the challan
as per the defined checklist, which will be provided at the counter.
The Cheques / Payorder should be in favour of "HDFC Bank a/c Central
Excise" or "HDFC Bank a/c Service Tax" ( as applicable) |
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| Step 3 |
Collection counter staff will issue a pre-numbered "Paper
Token" as an acknowledgement of his challan and cheque. |
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| Step 4 |
The challans will be stamped with the "Received Date".
After the cheques have been realized, the challans will be stamped with
the "Date of Realisation" and further processed. |
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| Step 5 |
The branch will release the Challan ONLY against receipt
of the original paper token issued to the taxpayer. The branch will
take a signature of the bearer on the reverse of the token at the time
of release of the challans. |
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After how many days can the tax payer collect his challan from the
branch ?
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| We estimate this to be the third working
day from the date of submission of challan. However, if the assessee pays
tax through a HDFC Bank Cheque at an authorised branch of HDFC Bank, then
the challan will be processed immediately and returned to the assessee across
the counter |
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Can the tax payer deposit Cash instead of Cheque? In that case , what
would be the TAT ?
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| Yes, he can deposit cash too. However,
in this case, he will first deposit the cash at the teller by filling up
a special three-ply cash deposit slip. The Teller will retain one copy for
posting and return two copies to the tax payer. The Taxpayer will retain
one copy and attach the second copy to the challan and submit the same at
the Branch Collections Counter. Thereafter the process remains the same
(i.e., collect paper token, processing, etc.).
The date would be mentioned on the Paper Token. We estimate this to be the
third working day from the date of submission of challan. |
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What if the Paper Token is lost by the Tax Payer ?
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| In case of reported loss of Paper Token
by the taxpayer, a letter to this effect is to be obtained from the assessee/taxpayer.
Signature of assessee /taxpayer should be verified against signatures appearing
on the Challan. Only on confirmation of these signatures the Challans would
be handed over to the TaxPayer.
The date would be mentioned on the Paper Token. We estimate this to be the
third working day from the date of submission of challan. |
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