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of <h1>New Accounting Procedures for Education Cess Collection: Use Minor Head '504-Education Cess' for Customs, Excise, and Service Tax.</h1> The circular addresses the accounting procedures for the collection of 'Education Cess' by providing instructions on using specific accounting codes. It references previous memorandums advising that until new Heads of Accounts are established, the cess should be recorded under 'Receipt Awaiting Transfer' within major heads like Customs, Union Excise Duties, and Service Tax. The Controller General of Accounts has approved a provisional operation of a new Minor Head '504-Education Cess' under these major heads. Numeric, Serial, and SCCD codes for these accounts are provided, and officials are instructed to inform relevant commissioners and facilitate the transfer of funds to the new accounts.
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