Accounting Codes For The Taxable Services Introduced Vide The Finance Act, 2011(8 of 2011)
Heads of Account under the Major Head “0044-Service Tax” in respect of the new taxable services have been allotted by the Office of the Principal Chief Controller of accounts, CBEC.
2. Accounting Codes for the purpose of payment of service tax are as follows:
Services of Air-conditioned restaurants having license to service alcoholic beverages in relation to service of food or beverages.
Services of providing of accommodation in hotels / inns/ cubs/ guest houses/ campsite for a continuous period of less than three months
The sub-head “other receipts” 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, as it is meant for the Revenue/Commissionerates while allowing refund of tax
Primary education cess on all taxable services will be booked under 00440298 and Secondary Higher Education Cess will be booked under 00440426
If NSDL have issued any dummy codes for revenue collection and interest / penalty for the above eight services, all these dummy codes should be treated as void and may replaced by the correct account codes as stated above
Description of taxable services provided at column (2) of the given table for ease of reference, does not limit the scope of the taxable service.