29-A. Electronic Payment:-

(1) Notwithstanding anything contained in clauses (b), (c) and (d) of rule 29, tax or any other sum payable under the Act may also be paid electronically.

(2) Where the payment of tax, demand or other sum has been made electronically the authorized bank shall generate e-challan in Form ST-16A through a computer network. The authorized bank shall also forward a statement of such e-challans (called as e-peyment scroll) daily in Form ST-16B to the authorities as may be notified by the Commissioner. The date of payment for the purpose of these rules

shall be the date of deposit generated on the e-challan in Form ST-16A. The date of payment for all accounting purposes shall be the date of generation of e-payment challan and the daily statement from bank shall mention this date.