Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: form 3cd :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Latest Circulars »
 Formation of seven new districts in the State of Manipur - Assignment of Lead Bank Responsibility
 Availability of LAF and MSF windows on March 28, 2017 (RTGS Working Mumbai Holiday)
  Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Availability of LAF and MSF windows on March 25 and 26, 2017 (Saturday & Sunday)
 RBI Working Paper Series No. 5/2017: Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
 All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017
 RBI-Sources of Variation in Foreign Exchange Reserves in India during April-December 2016
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2016-17
 RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Thailand
 RBI-Meeting Schedule of the Monetary Policy Committee for 2017-18
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017

Service Tax Circular No.124/6 /2010-TRU
June, 30th 2010

Circular No.124/6 /2010-TRU

F.No.335/5/2006-TRU

Government of India

Ministry of Finance

Department of Revenue

Tax Research Unit

..

North Block, New Delhi

 

 29th June, 2010

To

Chief Commissioners of Central Excise and Service Tax (All),

Director General (Service Tax),

Director General (Central Excise Intelligence),        

Director General (Audit),

Commissioners of Service Tax (All),

Commissioners of Central Excise and Service Tax (All).

 

Madam/Sir,

 

Subject: Accounting Codes for the taxable services introduced vide the Finance (No.14) Act, 2010 -- regarding.

 

          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:

 

Sl.No.

Taxable Services

Accounting Code

Tax Collection

Other Receipts

Deduct Refunds

(1)

(2)

(3)

(4)

(5)

1.

Service of promoting, marketing or organizing of games of chance, including lottery, Bingo or Lotto [Finance Act 1994, Section 65(105)(zzzzn)]

00440595

00440596

00440597

2.

Health service: (a) health check-up undertaken by hospitals or medical establishments for employees of business entities and (b) health services provided under health insurance schemes offered by insurance companies[Finance Act 1994, Section 65 (105) (zzzzo)]

00440598

00440599

00440600

3.

Service of maintenance of medical records of employees of business entity[Finance Act 1994, Section 65(105)(zzzzp)]

00440601

00440602

00440603

4.

Service of promoting a brand of goods, services, events, business entities, etc[Finance Act 1994, Section 65(105)(zzzzq)]

00440604

00440605

00440606

5.

Service of permitting commercial use or exploitation of any event organized by a person or organization[Finance Act 1994, Section 65 (105) (zzzzr)]

00440607

00440608

00440609

6.

Service provided by electricity exchange [Finance Act 1994, Section 65(105)(zzzzs)]

00440610

00440611

00440612

7.

Service related to (a) transferring temporarily or (b) permitting the right to use or enjoyment of any copyright defined in the Copyright Act, 1957 and services related two types of copyright not covered under Intellectual Property Right(IPR) Service, namely those on (a) cinematographic films and (b) sound recording [Finance Act 1994, Section 65(105)(zzzzt)]

00440613

00440614

00440615

8.

Special service provided by a builder etc, to the prospective tax buyers such as providing preferential location or external or internal development of complexes on extra charges[Finance Act 1994, Section 65(105)(zzzzu)]

00440616

00440617

00440618

 

Note:   

A.   The sub-head other receipts is meant for interest, penalty, leviable on delayed payment of service tax

B.   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

C.   Primary education cess on all taxable services will be booked under 00440298 and Secondary Higher Education Cess will be booked under 00440426

D.   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 be replaced by the correct account codes as stated above

 

5.         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.

 

6.         Trade Notice/Public Notice may be issued to the field formations and taxpayers.

 

7.         Please acknowledge receipt of this Circular. Hindi version follows.

(J. M. Kennedy)

Director (TRU)

Tel: 011-23092634

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions