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.