TMI BlogAccounting Codes for e-paymentX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir/s Currently I am using code no 0262 for service tax payment in respect of TRANSPORT OF GOODS BY ROAD one of my freinds said that now code no.1089 shall beused for all kind of services other than negative sevices to pay the ST . 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. The details are as reproduced under 60 ( zzp ) Transport of goods by road/goods transport agency service 00440262 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 with a Circular No 161/12/2012 wherein only one code was given for all Taxable services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 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 July, 2012. For payment of service tax under the new approach, a new Mino ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 1 st July, 2012 is as follows: Name of Services Accounting codes Tax collection Other Receipts Penalties Deduct refunds All Taxable Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices 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) - Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By RAM NAUDIYAL - The Reply = Dear 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. - Accounting Codes for e-payment - Query Started By: - guna ch Dated:- 7-12-2012 Service Tax - Got 6 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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