Service tax accounting code update: new minor head and penalties sub-head created, mandating revised accounting entries and circulation. The existing Minor Head '224-All Taxable Services' is replaced by Minor Head '225-Other Taxable Services' under Major Head 0044-Service Tax, and a new sub-head 'Penalties' is added under each Minor Head; accounting codes for these heads have been allotted by the Controller General of Accounts and are listed in an appended schedule, with recipients instructed to circulate and implement the revised coding.
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Service tax accounting code update: new minor head and penalties sub-head created, mandating revised accounting entries and circulation.
The existing Minor Head "224-All Taxable Services" is replaced by Minor Head "225-Other Taxable Services" under Major Head 0044-Service Tax, and a new sub-head "Penalties" is added under each Minor Head; accounting codes for these heads have been allotted by the Controller General of Accounts and are listed in an appended schedule, with recipients instructed to circulate and implement the revised coding.
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