Service tax accounting codes

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Shivani (Querist)
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25 December 2013 Dear Experts

Under Negative Regime from Jul-12, a single service tax code was specified for all taxable services (i.e. other than negative list).

But in Dec-12 service tax codes for individual taxable services were restored.

My question is that was this amendment in Dec-12 only for registration purpose only?

What is the current situation?
Presently do we need to specify one code for all taxable services or unique code for each service.

Shivani

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 December 2013 Separate code to be selected while payment of service tax and filing of service tax return. Other than negative list code was introduced and soon the same was withdrawn. Reason being that the Service Tax Department wanted to know collection of Service Tax under different head but the same was not possible when Service Tax was deposited in Other than negative list code.

Shivani

Shivani (Querist)
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27 December 2013 dear Sanjay sir

if you read the dec notification where the single code was withdrawn it seems that the single code has been withdrawn only for ST-1 (registration application) purpose only.

Dec notification nowhere says that July notification wherein single code was introduced has ceased to exist.

Please clarify.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 December 2013 Please see the ST 3 Return format. Code was details of service tax needs to be filled. Separate sheet fir separate service. You also need to deposit service tax ununder resprespective codes.

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