Service tax accounting codes revised - taxpayers must adopt updated deposit headings for correct classification and accounting. Assessees must immediately use revised Major Head/Minor Head/Sub Head accounting codes for depositing Service Tax under the Finance Act, 1994; earlier trade notices on the subject are cancelled. Annexures provide the updated alpha numeric codes mapping each service to distinct sub heads for Tax Collections, Other Receipts, and Deduct Refunds to ensure consistent classification and accounting of Service Tax receipts.
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Service tax accounting codes revised - taxpayers must adopt updated deposit headings for correct classification and accounting.
Assessees must immediately use revised Major Head/Minor Head/Sub Head accounting codes for depositing Service Tax under the Finance Act, 1994; earlier trade notices on the subject are cancelled. Annexures provide the updated alpha numeric codes mapping each service to distinct sub heads for Tax Collections, Other Receipts, and Deduct Refunds to ensure consistent classification and accounting of Service Tax receipts.
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