00441089
THIS is not an ISD telephone number but your new accounting code for all services with effect from 1st July 2012. The Code for Other Receipts is 00441090 and penalties is 00441093. The Code for refunds is 00441094.
(i) Service specific accounting codes will also continue to operate, side by side, for accounting of service tax pertaining to the past period (for the period prior to 1st July, 2012);
(ii) Primary Education Cess on all taxable services will be booked under 00440298
(iii) Secondary and Higher Education Cess on all taxable services will be booked under 00440426;
(iv) a new sub-head has been created for payment of “penalty”;
(v) the sub-head “other receipts” is meant only for payment of interest etc. leviable on delayed payment of service tax;
(vi) 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.
Several questions still remain unanswered:
1. Should the Registration be changed when new services are added?
2. Should any classification be shown in the invoice? Or should they simply write Taxable Service?
3. How will the eligibility for CENVAT Credit be determined if the name of the service is not shown in the invoice?
4. What will happen if the Service Tax is paid under the old accounting codes?
Why can't the Board start a customer care centre where authentic, binding and reliable clarifications are given for queries raised by the assessees?
Circular No. , Dated: July 06, 2012