Service Tax accounting heads allocated for newly taxable services; field formations must be notified and a trade notice issued. Allocation of Major/Minor/Sub-heads has been made for Service Tax receipts for ten services effective 16.08.2002. The circular lists those services and prescribes new Heads of Account under Major Head 0044 with specific serial and SCCD codes for tax collections, other receipts and deduct refunds. Recipients must notify Commissioners, issue a trade notice to inform field formations and assessees, acknowledge receipt, and implement accounting using the prescribed minor-head/sub-head structure.
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Service Tax accounting heads allocated for newly taxable services; field formations must be notified and a trade notice issued.
Allocation of Major/Minor/Sub-heads has been made for Service Tax receipts for ten services effective 16.08.2002. The circular lists those services and prescribes new Heads of Account under Major Head 0044 with specific serial and SCCD codes for tax collections, other receipts and deduct refunds. Recipients must notify Commissioners, issue a trade notice to inform field formations and assessees, acknowledge receipt, and implement accounting using the prescribed minor-head/sub-head structure.
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