Extended Banking Hours for Payment / E-Payment of Taxes

Payment / E-Payment of Taxes in Extended Banking Hours during Closing activities of Banks

This year RBI has made arrangements for support of normal banking facility for payment of taxes to avoid conflict with closing activities of the banks. The bankers will accept tax payments on 31st March even till 8 pm and in the case of online tax payments the same shall be processed till mid night. Accordingly, Service Tax Deptt  has issued Circular advising assessees, as under:

Extension of e-payment deadline and of banking hours for service Tax Payment

CBEC Circular No 191/01/2016 – Service Tax dt. 29th March 2016

The Reserve Bank of India has issued instructions vide notification RBI/2015-16/342 dated March 17, 2016 wherein it has been decided that all agency banks shall keep the counters of their designated branches conducting government business open for full day on March 30, 2016, and till 8.00 p.m. on March 31, 2016. All electronic transactions would, however, continue till midnight of March 31, 2016. Thus the assessees can make e-payment till the mid night of March 31, 2016.