Clarifiacation of Reverse Charge

[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

[CASeetharaman KC]

 

Please refer to Notification no 48/2012 dated 30-11-2012 wherein the accounting codes have been specified again and as per serial no 97 of the said notification "Works Contract Service" is specified.Hence payments need to be made into the respective accounting codes as per Notification no 48/2012 dated 30-11-2012

[JAMES PG]

The new accounting code, ie 00441480, is yet to be updated in the website and hence tehre is option only to remit under the old  code - 00441089

 

 

 

[YAGAY andSUN]

Please read circular no. 165/2012-ST with Notification 48/2012-ST in this regard.  If there is any requirement to get the RC amended in this regard then please do the needful for adherence with compliance.

AI Summary

Choosing Correct Accounting Code for Works Contract Service Tax: Notification 48/2012, Circular 165/2012-ST Guidance A user inquired about the appropriate accounting code for paying service tax on 'Works Contract Service' when the service falls under the negative list. Three responses were provided. One expert referenced Notification No. 48/2012, indicating that payments should follow the specified codes in the notification. Another pointed out that the new accounting code (00441480) is not yet updated online, suggesting using the old code (00441089). The third response advised consulting Circular No. 165/2012-ST alongside Notification 48/2012-ST and recommended amending the RC for compliance if necessary.