Service tax

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This query is : Resolved

Sanjay Jain (Querist)

21 November 2012 Dear Sir,

The company is registered in the following services:

(i) Consulting engineer.

(ii) Business auxiliary service.

(iii) Intellectual property services other than copyright.

(iv) Transport of goods by road.

(v) Information technology software service.

Do we have to add services in form ST-2 after applicable of reverse charge machanism (Manpower, Rent-cab, Advocate and Work Contract)?

Thanks & Regards
Sanjay

Pralay Chakraborty

Pralay Chakraborty (Expert)

22 November 2012 No. you need not to get registered in ST-2 for the payment under Reverse charge mechanism.

Because, For payment of service tax under the new approach, a new Minor Head - ‘All taxable Services’ has been allotted under the Major Head “0044-Service Tax”.
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 00441089

Other Receipts 00441090

Penalties 00441093

Deduct refunds 00441094

Thanks,
CMA. Pralay Chakraborty
Cost & Management Accountant

Prakash Kochar

Prakash Kochar (Expert)

23 November 2012 Refer Cir. No. 165/16/2012-ST.
F No. 341/21/2012-TRU dated 20 Nov. 2012, regarding restored the service specific accounting code.
Accordingly amendment will be necessary in ST-2.

Pralay Chakraborty

Pralay Chakraborty (Expert)

23 November 2012 Thanks Prakash. yah i was oudated for 2 days!!!!! and this circular came(on 20th Nov.) Thats the motivation in our field, we have to be updated every moment.. here i outdated for 2 days..!!! Sorry Sanjay my information was correct till 19th Nov. but from 20th Nov the rule has changed. for further detail:
https://www.servicetax.gov.in/st-circulars-home.htm

Thank you once again Prakash. :-)

CMA. Pralay Chakraborty
Cost & Management Accountant

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