Restoration of Service Tax accounting Codes vide Circular No.165/16/2012 -ST
4. Registrations
obtained under the positive list approach continue to be valid. New taxpayers
can obtain registrations by selecting the relevant description/s from among the
list of 120 descriptions of services given in the Annexure. Where registrations
have been obtained under the description ‘All Taxable Services’, the taxpayer should
file amendment application online in ACES and opt for relevant description/s
from the list of 120 descriptions of services given in the Annexure. If any
applications for amendment of ST-1 are pending with field formations, seeking
the description ‘all taxable services’, such amendment may not be necessary and
the officers in the field formations may provide necessary guidance to the
taxpayers in this regard. Directorate General of Systems will be making
necessary arrangements for display of the list of 120 descriptions of services
and their corresponding Accounting Codes in Form ST-1 and Form ST-2 as may be necessary.
Subject:
Restoration of service specific accounting codes for payment of service tax -
regarding.
Negative List based comprehensive approach to
taxation of services came into effect from the first day of July, 2012.
Accounting code for the purpose of payment of service tax under the Negative
List approach [“All Taxable Services” – 00441089] was prescribed vide Circular 161/12/2012
dated 6th July, 2012.
2. Subsequent
to the issuance of the Circular, suggestions were received from the field
formations that the service specific old accounting codes should be restored,
for the purpose of statistical analysis; also it was suggested that list of
descriptions of services should be provided to the taxpayers for obtaining
registration. These suggestions were examined and a decision has been taken to
restore the service specific accounting codes. Accordingly, a list of 120 descriptions
of services for the purpose of registration and accounting codes corresponding
to each description of service for payment of tax is provided in the annexure
to this Circular.
3. Descriptions
of taxable services given in the annexure are solely for the purpose of
statistical analysis. On the advice of the office of the C & AG, a specific
sub-head has been created for payment of “penalty” under various descriptions
of services. Henceforth, the sub-head “other receipts” is meant only for
payment of interest payable on delayed payment of service tax. Accounting Codes
under the sub-head “deduct refunds” is not to be used by the taxpayers, as it
is meant for use by the field formations while allowing refund of tax.
