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TMI BlogNew Accounting CodeX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, Pls let me clear that new service tax accounting code 00441089 under the negative list approach is related to all services(i.e.old + new) or it is related to only new services the old specific service code will exist. Regards, Mridul Sethi - Reply By Pradeep Khatri - The Reply = Please go through the note to Circular No. 161-ST/ 06-7-2012,F.No.341/21/2012-TRU in this regard wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich states as follows:- NOTE: (i) service specific accounting codes will also continue to operate, side by side, for accounting of service tax pertaining to the past period (meaning, for the period prior to 1 st July, 2012); (ii) Primary Education Cess on all taxable services will be booked under 00440298 and Secondary and Higher Education Cess on all taxable services will be booked under 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0440426; (iii) a new sub-head has been created for payment of penalty ; the sub-head other receipts is meant only for payment of interest etc. leviable on delayed payment of service tax; (iv) the sub-head deduct refunds is not to be used by the assessees, as it is meant for use by the Revenue/Commissionerates while allowing refund of tax. It means that for past period service specific code ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s will be used and from 01-07-2012 on wards, New Accounting code will be used as mentioned in the said circular. - New Accounting Code - Query Started By: - Mridul Sethi Dated:- 9-7-2012 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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