Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tax Research Unit
153, North Block,
New Delhi, 6th July, 2012
Circular No.161/12/2012 -ST
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 1st July, 2012 is as follows:
| Name of Services |
Accounting codes |
| |
Tax collection |
Other Receipts |
Penalties |
Deduct refunds |
| All Taxable Services |
00441089 |
00441090 |
00441093 |
00441094 |
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 1st 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
F.No.341/21/2012-TRU