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of <h1>New Accounting Guidelines for Secondary and Higher Education Cess: Use Minor Head '505' for Accurate Tax Recording.</h1> The document addresses the accounting procedures for the Secondary and Higher Education Cess. It instructs that until a new Head of Accounts is established, the cess should be recorded under 'Receipt Awaiting Transfer' for Customs, Union Excise Duty, and Service Tax. The Controller General of Accounts has approved a new Minor Head '505-Secondary and Higher Education Cess' under the Major Heads for these taxes. Numeric and serial codes are provided for proper accounting. Additionally, the nomenclature for '504-Education Cess' has been updated to '504-Primary Education Cess,' though accounting codes remain unchanged. Commissioners are advised to notify assessees through Trade Notices.
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