Circular no 165/16/2012-ST dated 20.11.2012_need clarification

[Yatin Bhopi]

Dear all,

In Circular No 165/16/2012-ST  dated 20.11.2012 (F.No. 341/21/2012-TRU) now old accounting codes are restored again (119 services description and their accounting codes).

1)  Is that mean, now as earlier we have to select these accounting codes while paying service tax and filling returns as per description of service?  

2) They have inserted new accounting code at sr. 120 – “Other Taxable Service” This mean accounting code of 'All Taxable Service' is now not relevant.  Please clarify.  

[JAMES PG]

Whatever sector specific services prevailed prior to 1.07.12 will continue and the ST payment to be made under the particular account codes. For new services which attracted levy after 1.07.12,  ST to be paid  under  the head "Other taxable services [ services  other than the 119 listed above]"

All Taxable Services loses it relevance since it is said taht  registrations obtained under this description should  be amended online by selecting appropriate description/s from the list of 120 descriptions given in the Annexure to the Circular 

[Mridul Sethi]

Plz make it clear that, if a concern falls under negative list of service, then in which code it has to pay the service tax for example if a concern has to pay service tax on "Works Contract Service" then in which code it has to pay service tax a) 00440410(Works Contract Service) or 00441480(other taxable services).

Mridul Sethi

[Yatin Bhopi]

Dear all

We have 6 services included in our registration. Now after 1st July 2012 we required to pay service tax on reverse charge. which was paid by us under head "all taxable service" till Oct 2012. Under reverse charge we are liable to pay service tax on Works contract, rent a cab, security service, Man power. Is that mean now we have to amend our service tax registration and include this services also (after circular No 165/16/2012-ST ).

Please share your  views

AI Summary

Service classification codes: sector-specific accounting codes must be used for service tax payments; generic 'all taxable services' replaced. Taxpayers must use sector-specific accounting codes from the restored list when paying service tax and filing returns; a new residual code Other Taxable Services covers services not listed. The generic description All Taxable Services is no longer appropriate and registrations using it should be amended online to select the correct specific description(s). Where reverse-charge liabilities or negative-list issues arise, taxpayers should apply the specific service code if available, otherwise use the residual code.