Business Daily from THE HINDU group of publications
Monday, November 9, 2009
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Business Daily from THE HINDU group of publications Monday, November 9, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1645 hrs (IST)
General CBEC launches e-payment system, web site NEW DELHI: Indirect tax body Central Board of Excise and Customs (CBEC) on Monday launched electronic payment system for accounts offices of excise and service tax. It also introduced new software to make the accounting system within the CBEC fully auto mated. Revenue Secretary P V Bhide inaugurated the e-pay system, software and a web site for Chief Controller of Accounts, CBEC. After automation, information for accounting headwise, reports on collection of duty and other items will be easily available. The government wants to replicate the same system on the customs side as well, the Controller General of Accounts, CBEC, C R Sundaramurti, said. The system assumes importance at a time when the Goods and Services Tax is expected to be rolled out. “Our initial brainstorming indicates that the accounting system may have to follow the existing broad framework being inaugurated today with such changes as may become necessary on the basis of the decisions of the Empowered Committee(on GST),'' Sundaram urti said. - PTI
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