How Easy Can Service Tax Deposit Be

Service tax deposit can now be made through online medium. This has made the process far easier than ever before.

The days of paper work are long past. Natural forest resources of Earth simply cannot handle the requirements of the human race that is running way past a herculean eight billion. Keeping track and record of transactions, payments, receipts etc through manual paper filing is practically an impossibility that not many would like to continue with. Even the traditional rigid governmental procedures of India are beginning to comprehend the dismal consequences of paperwork considering the fact that about a seventh of the world population resides within our restricted boundaries. Dramatic changes in the thinking of the geniuses behind the desk have shown in the form of appreciable outcomes in the one of the most important aspects of the system that can be named as taxation. 

Till very recent times, eligible entities had to make service tax deposit through the manual methods which involved collecting a couple of forms or, more from the concerned vendors, filling it up without mistakes and dropping the same along with the cheques in the registered banks to complete the procedure. Following up is crucial as far as payment of duties is concerned, which again is quite difficult in the traditional manual method. However, at present, the government has ensured E filing of payments which has nullified the requirement of any form of paperwork whatsoever. Here, the concerned assessee is required to log in to the respective website, input their required details, fill in an e form and make a simple bank transfer to complete the payment process.

This is a matter of minutes and can be done from the comfort of one’s own home / office. Tracking of the payment through online medium at the same time, is completely hassle free. An even greater step towards the attempts at complete removal of paperwork from the world of taxation is the move made by the government to convert all filing of returns from manual procedures to electronic. This is to say that, from now on, only E filing of returns will be acceptable and none others. Learning the online method of tax payment is not difficult. Referring to quality websites can help in removing all doubts and confusion about the same.