Service Tax Registration Form Amended to include Accounting Codes
GOVERNMENT has amended the S.T-1 FORM; Sl. No. 7 of the Form now is as:
7. Description of taxable services provided or to be provided by applicant
S.No | Description of service | Relevant clause of section 65 of the Finance Act, 1994, to be indicated, if possible |
(1) | (2) | (3) |
It is now changed to:
S.No | Description of taxable service (Choose from ANNEXURE) |
|---|---|
(1) | (2) |
And the Annexure gives the DESCRIPTIONS OF TAXABLE SERVICES AND ACCOUNTING CODES FOR PAYMENT OF SERVICE TAX.
Sl. No 120 in this list is Other taxable services .
Earlier the requirement of mentioning the classification was only 'if possible'. Now it is mandatory to choose from one of the 120 in the list.
The Commissioner, Service Tax in the Board has written a letter to all the Chief Commissioners and Commissioners informing them that:
Notification 48/2012-Service Tax dated 30-11-2012 seeks to amend Form ST-1 so as to enable applicants seeking registration to choose the description of the service being provided by them .
Looks as if it is a favour to the assesses to first remove all the accounting codes and introduce one code for all services, then to bring back all the codes for statistical purposes and then make the assessee commit it in the Registration Form and then give all these codes in the registration application to enable the assessee !
After sometime, the assessees will be struck with notices for paying Service Tax under the wrong head!
Notification No. , Dated: November 30, 2012 and