Accounting Codes notified for two new taxable services
THE office of Principal Chief Controller of Accounts, CBEC has notified accounting codes for the new taxable services under the Major Head “0044-Service Tax” which are as follows:
Sl.No . | Taxable Services | Accounting Code | ||
|---|---|---|---|---|
Tax Collection | Other Receipts | Deduct Refunds | ||
(1) | (2) | (3) | (4) | (5) |
1. | Service provided by a restaurant having air-conditioning and license to serve alcoholic beverages in relation to serving of food or beverage, including alcoholic beverages or both, in its premises [Finance Act 1994, Section 65(105) ( zzzzv )] | 00441067 | 00441068 | 00441069 |
2. | Service provided by a hotel, inn, guest house, club or campsite in relation to providing of accommodation for a continuous period of less than three months[Finance Act 1994, Section 65(105) ( zzzzw )] | 00441070 | 00441071 | 00441072 |
It may be noted that the description of taxable services provided at column (2) of the table for ease of reference, does not restrict the scope of the taxable service. Further, the sub-head “other receipts” is meant for interest, penalty, leviable on delayed payment of service tax and 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.
The ‘Primary' Education Cess on all taxable services will be ‘booked' under accounting code 00440298 and Secondary Higher Education Cess will be booked under accounting code 00440426.
If NSDL has issued any dummy codes for revenue collection and interest/penalty for the above services, all these dummy codes should be treated as void and may be replaced by the correct account codes as stated above.
Circular No.136/5/2011-TRU, Dated: April 20, 2011