Procedure for payment of duty by conventional mode:
In case the assessee is allowed to make payment by the conventional mode, following procedure would be followed:
(i) Bank to have EASIEST facility: Duty is payable in authorized bank by way of GAR-7 challan where Bank is having ‘EASIEST‘ facility (Earlier, it was a TR-6 challans).
(ii) Single copy challan: GAR-7 challan is a single copy challan with tax payer‘s counterfoil at the bottom of challan. Both challan and counterfoil are to be filled in by assessee.
The challan should be on white paper with black printing.
(iii) Challan to be serially numbered: The challans should be serially numbered from 1st April on wards.
(iv) Details required in GAR-7 challan: Details to be filled in GAR-7 challan are as follows-
(a) Full name of assessee
(b) Complete Address
(c) Telephone number
(d) PIN code
(e) Assessee Code (15 digit)
(f) Commissionerate name
(g) Commissionerate Code
(h) Division Code
(i) Range Code
(j) Accounting Code of duty
(k) Amount tendered in ` (6 columns)
(l) Total
(m) Total Rupees in words
(n) Cash/Cheque/Draft/Pay order No. and date
(o) Bank on which Cheque/Draft/Pay order No. is drawn.
(v) Relevant details to be repeated on counterfoil: Relevant among these details like assessee code, amount tendered in Rupees, accounting code of duty etc. are repeated in the Tax payer‘s counter-foil. Details filled in the challan and Taxpayer‘s counter -foil should be identical.
(vi) Receipt of payment: The counterfoil duly receipted by Bank with stamp of Bank will be given by receiving Bank to assessee. The stamp of receiving bank will contain Challan Identification Number (CIN). This CIN will have to be quoted in the return.
(vi) Evidence of payment of duty: The Taxpayers acknowledgement is the evidence of payment. The Challan Identification Number (CIN) appearing on this acknowledgement will have to be quoted in the return. The banks will be giving the tax payer a computer generated acknowledgement/receipt with the various details including the CIN.