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Regarding 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
July, 07th 2012

Circular No.161/12/2012 -ST


Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Customs

Tax Research Unit

153, North Block,

New Delhi, 6th July, 2012


Chief Commissioners of Customs and Central Excise (All),

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

Director General (Service Tax), Director General(Systems), Director General (Central Excise Intelligence),  Director General (Audit),

Commissioners of Service Tax (All),

Commissioners of Central Excise (All) &

Commissioners of Central Excise and Customs (All).




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 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


Deduct refunds

All Taxable Services






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 1st 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 00440426; (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.


3. Trade Notice/Public Notice may be issued to the field formations and tax payers. Please acknowledge the receipt of this Circular. Hindi version follows.


(S. Jayaprahasam)

Technical Officer

Tel: 011-23092037

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