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Accounting codes for service tax???

satya (Executive Excise) (1839 Points)

03 August 2012

Dear Sir(s),

Please explain me , w.e.f.01-07-2012, what is the Accounting codes for Deposite of Service Tax amount , whether the existing 119 services codes will follow or new "1089" code to be follow?

ALL TAXABLE SERVICES - OTHER THAN IN THE NEGATIVE LIST (WITH EFFECT FROM 1ST JULY 2012)

1089

All our services are related to existing only. Please clarify?

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7 Replies

Rakshit (practising) (338 Points)
Replied 03 August 2012

Service Tax for any service which has been rendered after 1.7.2012 has to be deposited under the new codes. However, Service Tax for the period prior to 1.7.2012 has to be deposited in the old codes existing prior to 1.7.2012.

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CA KSB (Asst Manager) (105 Points)
Replied 07 August 2012

Services other than under Negative list approach - 1089 code will be applicable. Where specific code is available then such specific code must be followed.

https://cbec.nsdl.com/EST/MinorHeadSelectionServlet

Accounting head Service Tax	Code	Interest Tax
ADVERTISING AGENCY	0013	0016
ADVERTISING SPACE OR TIME	0354	0355
AIR TRANSPORT OF PASSENGER	0362	0363
AIR TRAVEL AGENCY	0032	0033
AIRPORT SERVICES	0258	0259
ARCHITECTS SERVICES	0072	0073
ASSET MANAGEMENT	0418	0419
ATM OPERATIONS	0346	0347
AUCTIONEERS SERVICES	0370	0371
BANKING AND FINANCIAL	0173	0174
BEAUTY PARLOURS	0209	0210
BROADCASTING SERVICE	0165	0166
BUSINESS AND EXHIBITION SERVICES	0254	0255
BUSINESS AUXILIARY SERVICES	0225	0226
BUSINESS SUPPORT SERVICES	0366	0367
CAB OPERATORS	0048	0049
CABLE OPERATORS	0217	0218
CARGO HANDLING SERVICES	0189	0190
CHARTERED ACCOUNTANTS	0092	0093
CLEANING SERVICES	0318	0319
CLEARING AND FORWARDING AGENCY	0045	0046
COMMERCIAL TRAINING & COACHING	0229	0230
COMPANY SECRETARIES	0100	0101
CONSTRUCTION OF RES. COMPLEX	0334	0335
CONSTRUCTION SERVICES IN RESPECT OF COMMERCIAL OR INDUSTRIAL BUILDINGS AND CIVIL STRUCTURES	0290	0291
CONSULTING ENGINEER	0057	0058
CONVENTION SERVICE	0133	0134
COSMETICS AND PLASTIC SURGERY SERVICE	0460	0463
COST ACCOUNTANTS	0096	0097
COURIER AGENCY	0014	0018
CREDIT CARD RELATED SERVICES	0394	0395
CREDIT RATING AGENCIES	0088	0089
CUSTOM HOUSE AGENT	0026	0027
DESIGN SERVICES	0422	0423
DEVELOPMENT AND SUPPLY OF CONTENT SERVICES	0414	0415
DREDGING SERVICES	0310	0311
DRY CLEANING SERVICES	0221	0222
ERECTION,COMMISSIONING AND INSTALLATION	0233	0234
EVENT MANAGEMENT SERVICE	0197	0198
FACSIMILE SERVICES FAX)	0149	0150
FASHION DESIGNER SERVICES	0213	0214
FORWARD CONTRACT SERVICES	0282	0283
FRANCHISE SERVICES	0237	0238
GENERAL INSURANCE BUSINESS	0005	0006
GOODS TRANSPORT OPERATORS	0067	0068
HEALTH CLUB AND FITNESS CENTER	0205	0206
HEALTH SERVICES	0598	0599
INFORMATION TECHNOLOGY SOFTWARE SERVICE	0452	0450
INSURANCE AUXILIARY	0169	0170
INTELLECTUAL PROPERTY SERVICES OTHER THAN COPYRIGHT	0278	0279
INTERIOR DECORATORS/ DESIGNER'S SERVICE	0076	0077
INTERNET CAFE	0241	0242
INTERNET TELECOMMUNICATION/ (TELEPHONY) SERVICE	0382	0383
LEASED CIRCUITS	0137	0138
LEGAL CONSULTANCY SERVICE	0480	0483
LIFE INSURANCE SERVICES	0185	0186
MAILING LIST COMPILATION	0330	0331
MAINTENANCE OF MEDICAL RECORDS OF EMPLOYEES OF A BUSINESS ENTITY	0601	0602
MAINTENANCE OR REPAIR SERVICE	0245	0246
MANAGEMENT CONSULTANTS	0116	0117
MANAGEMENT OF INVESTMENT UNDER UNIT LINKED INSURANCE PLAN (ULIP) SERVICE	0430	0431
MANDAP KEEPER	0035	0036
MANPOWER RECRUITMENT AGENCY	0060	0061
MARKET RESEARCH AGENCY	0112	0113
MEMBERSHIP OF CLUBS	0322	0323
MINING SERVICES	0402	0403
ONLINE INFORMATION AND DATA	0153	0154
OPINION POLL SERVICES	0274	0275
OUTDOOR CATERING	0051	0052
PACKAGING SERVICES	0326	0327
PAGER SERVICES (RADIO PAGING)	0015	0020
PANDAL OR SHAMIANA SERVICES	0054	0055
PHOTOGRAPHY SERVICE	0129	0130
PORT SERVICES	0177	0178
PREFERENTIAL LOCATION OR EXTERNAL / INTERNAL DEVELOPMENT OF COMPLEXES	0616	0617
PROCESSING AND CLEARINGHOUSE SERVICE	0442	0443
PUBLIC RELATIONS SERVICE	0374	0375
RAIL TRAVEL AGENT	0201	0202
REAL ESTATE AGENTS	0104	0105
RECOGNISED ASSOCIATION OR REGISTERED ASSOCIATION COMMONLY KNOWN AS COMMODITY EXCHANGE SERVICE	0438	0439
RECOVERY AGENT	0350	0351
REGISTRAR TO AN ISSUE	0338	0339
RENTING OF IMMOVABLE PROPERTY SERVICES	0406	0407
SCIENTIFIC AND TECHNICAL CONSULTANCY	0125	0126
SECURITY / DETECTIVE AGENCIES	0108	0109
SERVICES OF AIR-CONDITIONED RESTAURANTS HAVING LICENSE TO SERVE ALCOHOLIC BEVERAGES IN RELATION TO SERVICE OF FOOD OR BEVERAGES	1067	1068
SERVICES OF PERMITTING COMMERCIAL USE OR EXPLOITATION OF ANY EVENT ORGANIZED BY A PERSON OR ORG.	0607	0608
SERVICES OF PROMOTING A .BRAND. OF GOODS, SERVICES, EVENTS, BUSINESS ENTITY ETC.	0604	0605
SERVICES OF PROMOTING, MARKETING OR ORGANIZING OF GAMES OF CHANCE	0595	0596
SERVICES OF PROVIDING OF ACCOMMODATION IN HOTELS/INNS/CLUBS/ GUEST HOUSES/CAMPSITE FOR A CONTINUOUS PERIOD OF LESS THAN THREE MONTHS	1070	1071
SERVICES PROVIDED BY ELECTRICITY EXCHANGE.	0610	0611
SERVICES RELATED TO 2 TYPES OF COPYRIGHTS (A) CINEMATOGRAPHIC FILMS AND (B) SOUND RECORDING.	0613	0614
SERVICING OF MOTOR VEHICLES	0181	0182
SHARE TRANSFER AGENT	0342	0343
SHIP MANAGEMENT SERVICE	0378	0379
SITE PREPARATION AND CLEARANCE	0306	0307
SOUND RECORDING SERVICE	0161	0162
SPONSORSHIP SERVICE	0358	0359
STEAMER AGENT	0029	0030
STOCK BROKER	0008	0009
STOCK EXCHANGE SERVICE	0434	0435
STORAGE AND WAREHOUSE SERVICE	0193	0194
SUPPLY OF TANGIBLE GOODS FOR USE SERVICE	0445	0447
SURVEY AND EXPLORATION OF MINERAL	0270	0271
SURVEY AND MAP MAKING	0314	0315
TECHNICAL TESTING,INSPECTION, CERTIFICATION	0249	0250
TELECOMMUNICATION SERVICES	0398	0399
TELEGRAPH SERVICE	0141	0142
TELEPHONE SERVICES	0003	0119
TELEX SERVICES	0145	0146
TOUR OPERATOR	0063	0064
TRANSPORT BY CRUISE SHIPS	0386	0387
TRANSPORT OF COASTAL GOODS AND GOODS THROUGH NATIONAL WATERWAYS AND INLAND WATER	0470	0473
TRANSPORT OF GOODS BY AIR	0266	0267
TRANSPORT OF GOODS BY PIPELINE OR OTHER CONDUIT	0302	0303
TRANSPORT OF GOODS BY RAIL	0390	0391
TRANSPORT OF GOODS BY ROAD	0262	0263
TRAVEL AGENTS (OTHER THAN AIR/RAIL TRAVEL AGENTS)	0294	0295
TV OR RADIO PROGRAMME PRODUCTION	0286	0287
UNDER WRITERS	0084	0085
VIDEO TAPE PRODUCTION	0157	0158
WORKS CONTRACT SERVICES	0410	0411

Education Cess	Code	Select	Interest Tax	Select
PRIMARY EDUCATION CESS	0298		0299
SECONDARY AND HIGHER EDUCATION CESS	0426		0427

Accounting head Service Tax (Others)	Code	Select	Others (Interest)	Select	Penalties	Select
ALL TAXABLE SERVICES - OTHER THAN IN THE NEGATIVE LIST (WITH EFFECT FROM 1ST JULY 2012)	1089		1090		1093

CA KSB (Asst Manager) (105 Points)
Replied 07 August 2012

Hence with the note provided in the Circular 161/12/2012 dt 6th July 2012 - all services which are not in negative list (means all taxable services), new accounting code (ie 1089) to be followed. However, if payment is related to the period prior to 1st July 2012 service specific code must be followed.