Service Tax accounting code consolidated into single Minor Head; new sub heads for collections, receipts, refunds, penalties. All Service Tax collections are to be accounted under a consolidated Minor Head under Major Head 0044 with prescribed sub heads for Tax Collection, Other Receipts (for interest etc.), Deduct Refunds (for departmental refund adjustment) and Penalties; education cesses are to be booked to specified separate heads. Service specific minor heads may operate for past periods during the transitional window, after which arrears will be accounted under the new consolidated code.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service Tax accounting code consolidated into single Minor Head; new sub heads for collections, receipts, refunds, penalties.
All Service Tax collections are to be accounted under a consolidated Minor Head under Major Head 0044 with prescribed sub heads for Tax Collection, Other Receipts (for interest etc.), Deduct Refunds (for departmental refund adjustment) and Penalties; education cesses are to be booked to specified separate heads. Service specific minor heads may operate for past periods during the transitional window, after which arrears will be accounted under the new consolidated code.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
