K.Sathiesh (CA-Final) (199 Points)
08 January 2014Hi,
I received a notice from Service Tax Department for late filing of ST-3 of one day delay with a penality of Rs 500/-, now i need to pay the same in to Govt Account.
Can anyone suggest me the Accounting Code under which can i make the payment for Late Filing fee.
Thanks
Yogesh Shukla
(Tax Practitioner)
(712 Points)
Replied 11 January 2014
The codes are being described in the link
https://www.simpletaxindia.net/2010/07/service-tax-accounting-codes-new.html
NOTE: The Other receipts are penalities, late fees etc
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 14 January 2014
The old accounting codes as referred above in the link was discontinued from 01-07-12 but has been restored vide circular no. 165/16/2012-ST dated 20-11-2012 with the exeption that a new specific sub-head has been created for payment of 'penalty' and 'other receipts' shall be used only for payment of 'interest' (Para 3 of the circular)
https://www.servicetax.gov.in/circular/st-circular12/st-circ-165-2012.htm
Download annexure at the bottom of the link and select accounting code for penalty for the service provided by you.
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