Service tax — Compilation/Reconciliation of Service tax revenue receipts - Service Tax - 96/2004,

Service tax — Compilation/Reconciliation of Service tax revenue receipts Commissioner of Central Excise, Madurai-2, Trade Notice No. 96/2004, dated 16-8-2004 Kind attention of the trade is invited to this office Trade Notice No. 74/2002-STU (Service Tax No. 18/2002) dated 16-9-2002 explaining briefly the procedure to be followed for reconciliation of revenue receipts in respect of Service tax. A lot of difficulties are faced in reconciliation of Service tax revenue. In order to streamline the reconciliation work of revenue receipts under the major head 044 (Service Tax), it has been decided to revise the present procedure and do the reconciliation in computer on the same line as being done in the case of reconciliation of revenue relating to 038 payments (Central Excise). The main problem faced in the reconciliation work is due to improper filling up of challans by the Service tax assessees. Hence the Service tax assessees are requested to fill up all columns in the challans properly, correctly and neatly, in order to facilitate proper accounting of the amount paid by the assessees to the correct head of account. The assessees are requested to follow the procedure laid down as below. I. The assessees are directed to use the yellow colour TR-6 Challan only for payment of Service tax. II. The amount should be deposited only in the nominated banks/branches. Payment of Service tax in a non designated bank will amount to non payment of service tax. III. The date of deposit of cheque is the date of payment of service tax subject to realization. If the cheque bounces, it would mean as if the tax has not been paid and the necessary penal consequences would follow. IV. A running serial number should be allotted by the assessee himself on the top of the challan. V. The Bank Branch Code No. in which the tax is paid should be properly mentioned. VI. The 15 digit Registration No. allotted to the assessee should be properly mentioned. VII. The Month/Quarter for which the tax is paid and the category of service in Column I of challan should be properly mentioned. VIII.The correct head of account for tax, interest or penalty and other receipts should be properly mentioned. In order to facilitate accounting of the amounts to the proper head of accounts, the head of accounts are enclosed. The trade is also informed that furnishing the correct registration No., name of service, head of account etc., will help the trade also as for taking input credit. All the Range Officers and Sector Officers shall ensure that the information are correctly furnished by the assessees in the challans before presenting the same to the Bank of remittance. The details of the Chief Accounts Officer and Pay and Accounts Officer of this Commissionerate are given below. If any clarification in this regard is required, the assessees may contact the following Officers of this Commissionerate. 1. The Chief Accounts Officer, Office of the Commissioner of Central Excise, Central Revenue Buildings, Lal Bahadur Shastri Road, Bibikulam, Telephone No. 253185 Madurai - 625002. 2.The Pay and Accounts Officer, Office of the Commissioner of Central Excise, Central Revenue Buildings, Lal Bahadur Shastri Road, Bibikulam, Telephone No. 2531319 Madurai - 625002.