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

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. https://www.taxtmi.com/circulars?id=11721 A new Minor Head 'All Taxable Services' under Major Head 0044 Service Tax was instituted from 1 July 2012 to consolidate accounting for service tax under the Negative List approach, with distinct sub heads and codes for tax collection, other receipts, penalties and deduct refunds. Service specific codes remain for prior periods; education cesses are to be booked under specified cess heads; other receipts covers interest; penalty has a separate sub head; and deduct refunds is reserved for Revenue/Commissionerates to allow refunds. en-us Fri, 06 Jul 2012 00:00:00 +0530 Fri, 06 Jul 2012 18:45:00 +0530 TaxTMI RSS Generator 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. https://www.taxtmi.com/circulars?id=11721 A new Minor Head 'All Taxable Services' under Major Head 0044 Service Tax was instituted from 1 July 2012 to consolidate accounting for service tax under the Negative List approach, with distinct sub heads and codes for tax collection, other receipts, penalties and deduct refunds. Service specific codes remain for prior periods; education cesses are to be booked under specified cess heads; other receipts covers interest; penalty has a separate sub head; and deduct refunds is reserved for Revenue/Commissionerates to allow refunds. Circulars Service Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11721