Accounting codes for the purpose of payment of service tax under the Negative List approach, with effect from 1st July, 2012

Accounting codes for the purpose of payment of service tax under the Negative
List approach, with effect from 1st July, 2012 is as follows:

All taxable Services : 00441089
Other Receipts : 00441090

Penalties : 00441093
Deduct Refunds : 00441094

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 subhead 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.