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of <h1>Service Tax Circular Restores Old Accounting Codes for Statistical Use; 120 Service Descriptions Listed for Registration.</h1> The circular dated November 20, 2012, addresses the restoration of service-specific accounting codes for service tax payments under the Negative List approach, effective from July 1, 2012. Following feedback, the decision was made to reinstate old accounting codes for statistical purposes and provide a list of 120 service descriptions for registration. The annexure includes these descriptions and their corresponding accounting codes. Taxpayers with existing registrations can amend them online to select relevant descriptions. Field officers are instructed to guide taxpayers in selecting appropriate service descriptions and facilitate tax payments. Notices will be issued to inform field formations and taxpayers.
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