Accounting Codes for e-payment

[guna ch]

Dear Sir/s

Currently I am using code no 0262 for service tax payment in respect of TRANSPORT OF GOODS BY ROAD

one of my freinds said that  now code no.1089 shall beused for all kind of services other than negative sevices to pay the ST .

Kindly advise me what is cuurect

Thanks in Advance.

[JAMES PG]

You may continue to pay tax under code 00440262. Please refer to Circular No 165/16/2012 -ST dated 20.11.12 in this regard

[CASeetharaman KC]

As per notification no 48/2012 dated 30-11-2012 also the Accounting codes for Transport of Goods by Road is the one which is currently used by you. The details are as reproduced under

60

(zzp)

Transport of goods by road/goods transport agency service

00440262

00440263

00441392

00440264

[guna ch]

Thanking You Sir,

Sir, Could u please advise me , whare code no 1089 used for.?

[CASeetharaman KC]

Dear Sir,

The fact is that after the introduction of the Negative List the department came up with a Circular No 161/12/2012 wherein only one  code was given for all Taxable services . The relevant circular is given below:

Subject:  Accounting Code for payment of service tax under the Negative List approach to taxation of services, with effect from the first day of July 2012 - regarding.

 Negative List based comprehensive approach to taxation of services came into effect from the first day of July, 2012. For payment of service tax under the new approach, a new Minor Head - ‘All taxable Services’ has been allotted under the Major Head “0044-Service Tax”.

 2.  Accounting codes for the purpose of payment of service tax under the Negative List approach, with effect from 1^st July, 2012 is as follows:

Name of Services	Accounting codes
	Tax collection	Other Receipts	Penalties	Deduct refunds
All Taxable Services	00441089	00441090	00441093	00441094

 

[JAMES PG]

  

The accounting code 0441089 is no more relevant now after the issuane of Circular No165/16/2012 -ST dated 20.11.12 wherein in the code for other taxable service ( other than the okld 119 servcies) is prescribed as

 00441480  ( Yet to be updated in NSDL site)

 

[RAM SHARMA]

Dear Sir,

As per notification no. 48/2012 the new accounting code is applicable from 1.12.2012. Service tax liability pertain to month of december will be deposit in new accounting code.

AI Summary

Accounting codes for service tax payment revised under the Negative List approach; unified and transport-specific codes must be used as updated.
Accounting codes for e-payment of service tax were reorganised under the Negative List approach: a consolidated minor head was created for all taxable services with designated accounting codes for tax collection, receipts, penalties and refunds, while existing transport-specific codes remained valid. Administrative circulars and a notification set the effective date for new codes and later updated the unified code, requiring practitioners to use transport-specific codes where applicable and to migrate deposits to the revised codes per the circulars.