EXECUTION OF WORK CONTRACT - Accounting code

[PARVEEN MAKHIJA]

WHAT IS THE ACCOUNTING CODE FOR DEPOSITING THE SERVICE TAX UNDER EXECUTION OF WORK CONTRACT ? THANX IN ADVANCE

[sudhir V S]

00440410 for the service tax payment for the payment of interest ect 00440411

AI Summary

Service tax accounting code: guidance identifies ledger codes for depositing tax and for related interest payments.
Advisory response identifies ledger classifications for remitting service tax on execution of work contracts, specifying one accounting code for the tax payment and a separate code for interest or related payments, enabling correct recording of principal tax liability and ancillary interest charges in the accounts.