1) Accounting
Codes for Payment of Service Tax
ServiceTax Circular No. 161/12/2012 dated 6th July, 2012, has specified the
Accounting Codes for the
purpose of payment of Service Tax under the Negative List approach, with effect
from 1st July, 2012.
The new
Accounting Codes are as follows:
Name of Services
|
Accounting Codes
|
|||
Tax Collection
|
Other Receipts*
|
Penalties**
|
Deduct refunds***
|
|
All Taxable Services
|
00441089
|
00441090
|
00441093
|
00441094
|
Primary Education Cess
|
S.H. Education Cess
|
|||
00440298
|
00440426
|
|||
It
may be, however, noted that service specific accounting codes will also
continue to operate, side by side, for accounting of service
tax pertaining to the past period i.e. for the period prior to 1st July,
2012.
*The sub-head “other receipts” is meant only for
payment of interest, etc. leviable on delayed payment of service tax.
**A new sub-head has been created
for payment of “penalty”.
***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.
2) Filing of ST-3 only for the period from 1st
April, 2012 to 30th June, 2012
Due to increase in complexity of
preparing half yearly Service Tax Return for the period from 1st
April, 2012 to 30th September, 2012 because of applicability of the
new Negative List Service Tax regime w.e.f. 1st July, 2012, the
Service Tax Department has issued Instruction No. F. No. 137/22/2012 dated 28th September, 2012, according to
which:
Assessees have to provide
data only for the period 01.04.2012 to 30.06.2012 in the first half yearly
return which is due on 25.10.2012. The data for the period from 01.07.2012 to
30.09.2012 should not be filed. Any data filed for the period from 01.07.2012
to 30.09.2012 will be rejected in the aforementioned return.
Data
for the period 01.07.2012 to 30.09.2012 will have to be furnished in a return
in a revised format. The revised format of the return and the last date for
filing it will be indicated separately.
The same has also been mentioned vide Service Tax Notification No. 47/2012 dated 28thSeptember, 2012.
