Accounting code for payment of Service Tax - Reg

[vinay wakde]

We refer Circular  No. 161/12/2012-ST dt. 06/07/2012 - Accounting code for payment of Service Tax under the negative list approach w.e.f.  01/07/2012

In the matter, kindly clarify us whether the Tax to be paid on all taxable services after 01.07.2012, shall be used only one Accounting code number i.e. 00441089  instead of service specified accounting codes used prior to July, 2012 for payment of various catagory of the services provided by us. 

Regards,

VINAY

 

AI Summary

Common Accounting Code 00441089 Adopted for All Taxable Services Effective July 1, 2012, Replacing Service-Specific Codes A query was raised regarding the accounting code for the payment of Service Tax under the new negative list approach effective from July 1, 2012. The question was whether a single accounting code, 00441089, should be used for all taxable services, replacing the service-specific codes used previously. Two responses confirmed that from July 1, 2012, a common accounting code will indeed be used for all taxable services, whereas service-specific codes were applicable before this date.