Service Tax accounting codes assigned for six newly taxable services, requiring departmental allotment and trade notice. Six services were placed under the service tax net effective 16-5-2008 and distinct Heads of Accounts under Major Head 0044 were opened with allotted eight digit accounting codes and SCCD/Srl codes. Each minor head includes sub heads for Tax Collection, Other Receipt (interest/penalty) and Deduct Refunds (for departmental refunds). The codes must be intimated to Commissioners with advice to issue a Trade Notice for assessees; the memorandum also directs dissemination among trade associations and specifies separate heads for education cesses.
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Service Tax accounting codes assigned for six newly taxable services, requiring departmental allotment and trade notice.
Six services were placed under the service tax net effective 16-5-2008 and distinct Heads of Accounts under Major Head 0044 were opened with allotted eight digit accounting codes and SCCD/Srl codes. Each minor head includes sub heads for Tax Collection, Other Receipt (interest/penalty) and Deduct Refunds (for departmental refunds). The codes must be intimated to Commissioners with advice to issue a Trade Notice for assessees; the memorandum also directs dissemination among trade associations and specifies separate heads for education cesses.
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