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TMI BlogAccounting Codes for e-paymentX X X X Extracts X X X X X X X X Extracts X X X X ..... Accounting Codes for e-payment X X X X Extracts X X X X X X X X Extracts X X X X ..... . Kindly advise me what is cuurect Thanks in Advance. Reply By JAMES PG: The Reply: You may continue to pay tax under code 00440262. Please refer to Circular No 165/16/2012 -ST dated 20.11.12 in this regard Reply By CA Seetharaman K C: The Reply: As per notification no 48/2012 dated 30-11-2012 also the Accounting codes for Transport of Goods by Road is the one which is currently used by you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The details are as reproduced under 60 (zzp) Transport of goods by road/goods transport agency service 00440262 00440263 00441392 00440264 Reply By guna ch: The Reply: Thanking You Sir, Sir, Could u please advise me , whare code no 1089 used for.? Reply By CA Seetharaman K C: The Reply: Dear Sir, The fact is that after the introduction of the Negative List the department came up wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h a Circular No 161/12/2012 wherein only one code was given for all Taxable services . The relevant circular is given below: Subject: 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. Negative List based comprehensive approach to taxation of services came into effect from the first day of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... July, 2012. For payment of service tax under the new approach, a new Minor Head - 'All taxable Services' has been allotted under the Major Head "0044-Service Tax". 2. Accounting codes for the purpose of payment of service tax under the Negative List approach, with effect from 1st July, 2012 is as follows: Name of Services Accounting codes Tax collection Other Receipts Penalties Deduct re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... funds All Taxable Services 00441089 00441090 00441093 00441094 Reply By JAMES PG: The Reply: The accounting code 0441089 is no more relevant now after the issuane of Circular No165/16/2012 -ST dated 20.11.12 wherein in the code for other taxable service ( other than the okld 119 servcies) is prescribed as 00441480 ( Yet to be updated in NSDL site) Reply By RAM NAUDIYAL: The Reply: Dear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir,
As per notification no. 48/2012 the new accounting code is applicable from 1.12.2012. Service tax liability pertain to month of december will be deposit in new accounting code. X X X X Extracts X X X X X X X X Extracts X X X X
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