I heard that wef 1st July 2012 under negitive service tax approach service tax accounting code has been single then multiple service code under various services.
Accounting codes for the purpose of payment of service tax under the Negative List approach, with effect from 1st July, 2012 is as follows:
Name of Services Accounting codes Tax collection Other Receipts Penalties Deduct refunds All Taxable Services 00441089 00441090 00441093 00441094
NOTE: (i) service specific accounting codes will also continue to operate, side by side, for accounting of service tax pertaining to the past period (meaning, for the period prior to 1st July, 2012);
Please explain under which accounting code do i need to pay service tax