Hello,
i am paying interest on service tax. but i don't know the accounting codes for the same, as i am going to bifurcate interest amount in service tax,swachha bharat, and krishi kalyan.
4 Replies
EKALABYA TALUKDAR
(SERVICE TAX CONSULTANT)
(666 Points)
Replied 01 February 2017
YOU WILL GET YOUR INTEREST ACCOUNTING CODE BY CLICKING
https://cbec-easiest.gov.in/EST/MinorHeadSelectionServlet
BUT YOU HAVE TO GO THROUGH
https://cbec-easiest.gov.in/EST/InputPageForEPaymentServlet
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 01 February 2017
While making payment in aces payment gateway you could se the accounting code for interest against the category of service towards which you are paying.
sheetal rasal
(10 Points)
Replied 02 February 2017
thank you all, i have one more query, can i take input credit of precessing fee in service tax?
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 02 February 2017
Cenvat credit could be availed only on tax and duty portions mentioned in Rule 3 of Cenvat credit Rules. Service tax paid on processing fee if any could be availed but not of processing fee itself
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