Head of Accounts for 6 new Services brought under Service Tax net w.e.f 16-5-2008 - Service Tax - 5/2008

Head of Accounts for 6 new Services brought under Service Tax net w.e.f 16-5-2008 Coord/13-6/H/A/cs/Vol.VII/42 Office of the Pr. Chief Controller of Accounts Central Board of Excise Customs A.G.C.R. Building , 1st Floor, I.P. Estate, New Delhi . Dated 9-6-2008 OFFICE MEMORANDUM Subject : Head of Accounts for 6 new Services brought under Service Tax net w.e.f 16-5-2008 I am to state that 6 new services have been brought into the Service Tax net in the Finance Bill, 2008. The new services have been notified to be effective from 16-5-2008 vide Notification No. 18/2008-Service Tax, dated 10-5-2008 . List of Head of Accounts opened under the Major Head "0044-Service Tax" in respect of the new services is enclosed herewith. The computer Codes i.e. SCCD Codes and Srl. Codes have also been allotted by CGA's Office and the same have been mentioned against the relevant head of Account in the list. Eight digit reduced accounting codes as mentioned at column No. 3 in the list may please be intimated to the Commissioner, Customs, Central Excise Service Tax under your accounting jurisdiction with the advice to issue a Trade Notice for information of the assessee. Yours faithfully (A.K. Singh) Dy. Controller of Accounts New Head of Accounts to be opened below Major Head 044 - Service Tax Head of Accounts Description Serial Code SCCD Code 004400205 00440020501 00440020502 00440020503 Minor Head - Services provided by any person in relation to information technology software for use in the course, or furtherance, of business or commerce. Sub-head - Tax Collection Sub-head - Other Receipt Sub-head - Deduct Refunds 00440449 00440452 00440450 00440451 111 111 113 118 004400206 00440020601 00440020602 00440020603 Minor Head - Services provided by an insurer on life insurance business, in relation to management of investment, under unit linked insurance business, commonly known as Unit Linked Insurance Plan (ULIP) scheme Sub-head - Tax Collection Sub-head - Other Receipt Sub-head - Deduct Refunds 00440429 00440430 00440431 00440432 113 111 110 119 004400207 00440020701 00440020702 00440020703 Minor Head - Services provided by a recognized stock exchange in relation to assisting, regulating or controlling the business of buying, selling or dealing in securities and includes services provided in relation to trading, processing, clearing and settlement of transactions in securities. Sub-head - Tax Collection Sub-head - Other Receipt Sub-head - Deduct Refunds 00440433 00440434 00440435 00440436 112 117 114 115 004400208 00440020801 00440020802 00440020803 Minor Head - Services provided by a recognized/registered association in relation to assisting, regulating or controlling the business of the sale or purchase of any goods or onward contracts and includes services provided in relation to trading, processing, clearing and settlement of transactions in goods or forward contracts. Sub-head - Tax Collection Sub-head - Other Receipt Sub-head - Deduct Refunds 00440437 00440438 00440439 00440440 116 113 118 118 004400209 00440020901 00440020902 00440020903 Minor Head - Services provided by a processing and clearing house in relation to processing, clearing and settlement of transactions in securities, goods or forward contracts including any other matter incidental to, or connected with, such securities, goods and forwar contracts. Sub-head - Tax Collection Sub-head - Other Receipt Sub-head - Deduct Refunds 00440441 00440442 00440443 00440446 113 116 115 112 004400210 00440021001 00440021002 00440021003 Minor Head - Services provided by any person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of procession and effective control of such machinery, equipment and appliances. Sub-head - Tax Collection Sub-head - Other Receipt Sub-head - Deduct Refunds 00440444 00440445 00440447 00440448 114 117 119 110 Note - A : * The Sub-head "Other Receipt" is meant for interest, penalty leviable on delayed payment of Service Tax. * * The Sub-head "Deduct Refunds" is not to be used by the assessees, it is meant for the department while allowing refund of Tax. B : Primary Education Cess on all taxable services will be booked under 00440298 and Secondary and Higher Education Cess will be booked under 00440426. [Source Commissioner of Central Excise Service Tax, Salem , Service Tax Trade Notice No. 5/2008, dated 19-6-2008 ]