Finally SHE Cess accounting codes are here! 2% cess is named as Primary Education Cess.
The long wait is over. The accounting codes for the Secondary and Higher Education Cess for Customs, Central Excise and Service Tax are here. All these days, these amounts were kept in "Receipt Awaiting Transfer to the other Minor Head etc" under the respective Major Heads. The Controller General of Accounts has approved operation of new Minor Head "505-Secondary and Higher Education Cess" under the Major Head "0037-Customs", 0038-Union Excise Duty" & "0044 - Service Tax" . The Numeric Code, Serial Codes and SCCD Codes are given Below:-
Numeric Code | Description | Sl. Code | SCCD Code |
|---|---|---|---|
0037 00370050501 | Customs | 00370068 00370069 | 116 113 |
0038 00380350501 | Union Excise Duty Non-Shareable Duties Secondary and Higher Education Cess Deduct Refunds & Drawback | 00380115 00380116 | 110 119 |
0044 | Service Tax | 00440426 | 110 |
Further, it is intimated that the nomenclature of the minor head 504-Education Cess' inserted vide correction slip No.532 dated 07.12.2004 has been changed as '504-Primary Education Cess'. However their accounting codes will remain same.