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Circular No.161/12/2012 -ST
F.No.341/21/2012-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tax Research Unit
153, North Block,
New Delhi, 6
th
July, 2012
To
Chief Commissioners of Customs and Central Excise (All),
Chief Commissioners of Central Excise & Service Tax (All),
Director General (Service Tax), Director General(Systems), Director General (Central Excise Intelligence), Director General
(Audit),
Commissioners of Service Tax (All),
Commissioners of Central Excise (All) &
Commissioners of Central Excise and Customs (All).
Madam/Sir,
Subject : Accounting Code for payment of service tax under the Negative List approach to taxation of services,
with effect from the first day of July 2012 - regarding.
Negative List based comprehensive approach to taxation of services came into effect from the first day of July, 2012. For
payment of service tax under the new approach, a new Minor Head - 'All taxable Services' has been allotted under the Major
Head "0044-Service Tax".
2. Accounting codes for the purpose of payment of service tax under the Negative List approach, with effect from 1
st
July,
2012 is as follows:
Name of Services
Accounting codes
Tax collectionOther ReceiptsPenaltiesDeduct refunds
All Taxable Services00441089004410900044109300441094
NOTE : (i) service specific accounting codes will also continue to operate, side by side, for accounting of service tax pertaining
to the past period (meaning, for the period prior to 1
st
July, 2012); (ii) Primary Education Cess on all taxable services will be
booked under 00440298 and Secondary and Higher Education Cess on all taxable services will be booked under 00440426;
(iii) a new sub-head has been created for payment of "penalty"; the sub-head "other receipts" is meant only for payment of
interest etc. leviable on delayed payment of service tax; (iv) the sub-head "deduct refunds" is not to be used by the assessees,
as it is meant for use by the Revenue/Commissionerates while allowing refund of tax.
3. Trade Notice/Public Notice may be issued to the field formations and tax payers. Please acknowledge the receipt of this
Circular. Hindi version follows.
(S. Jayaprahasam)
Technical Officer
Tel: 011-23092037
circulars no 161 12 2012 | iKargos