Account code for reverse charges

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(Querist)


28 July 2012

Hi,

Whether we need to include new account code in our service tax registration for reverse charges.

Regards

Sathish

RENGARAJ R.K (Expert)


30 July 2012

From 01.07.2012, for all services other than negative list, only one code is to be used. It includes for reverse charge also. There is no change for cess and hr education cess, which please note.

Use separate challan and write the reverse charge head of services for such payment to avail cenvat credit.

sathish (Querist)


30 July 2012

Hi,

Which account code to be used, currently i have only business auxiliary account code, whether there is any specifice code for reverse charges

Regards

Sathish



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