Service tax accounting codes designate heads for tax collection, other receipts and refund adjustments for newly specified taxable services. The notice prescribes designated Heads of Account for each newly specified taxable service, assigning three sub-heads per service for tax collection, other receipts (for interest and penalty on delayed payments), and deduct refunds (to be used by the department when allowing refunds), and separately specifies the accounting code for Education Cess on all taxable services.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax accounting codes designate heads for tax collection, other receipts and refund adjustments for newly specified taxable services.
The notice prescribes designated Heads of Account for each newly specified taxable service, assigning three sub-heads per service for tax collection, other receipts (for interest and penalty on delayed payments), and deduct refunds (to be used by the department when allowing refunds), and separately specifies the accounting code for Education Cess on all taxable services.
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