Service tax accounting codes prescribed for nine newly taxable services and education cess; assessees must use specified codes. Notification prescribes new Heads of Accounts under Major Head '0044-Service Tax' for nine newly taxable services and for education cess, providing three-part accounting codes for each service-Tax Collection, Other Receipts (interest and penalty), and Deduct Refunds (for departmental use only)-and instructs that assessees be advised to use these codes when discharging service tax liabilities, with a Trade Notice to publicise the codes.
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Service tax accounting codes prescribed for nine newly taxable services and education cess; assessees must use specified codes.
Notification prescribes new Heads of Accounts under Major Head "0044-Service Tax" for nine newly taxable services and for education cess, providing three-part accounting codes for each service-Tax Collection, Other Receipts (interest and penalty), and Deduct Refunds (for departmental use only)-and instructs that assessees be advised to use these codes when discharging service tax liabilities, with a Trade Notice to publicise the codes.
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