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

AI Summary

Works Contract Service accounting code: remit payments into the code specified by notification; use old code if new code unavailable.
Accounting codes for payment of service tax on Works Contract Service are determined by Notification No. 48/2012, which specifies the applicable accounting head; taxpayers must remit into the code prescribed by that notification. If the new accounting code is not yet available on the remittance portal, payments may be made under the previously used legacy code, and Circular No. 165/2012-ST with Notification No. 48/2012 should be followed for any required amendment of the Registration Certificate or other compliance steps.