WHAT IS THE SERVICE ACCOUNT CODE FOR FILM DISTRIBUTORS & EXHIBUTORS ?
NAVEEN KUMAR SURE (CA FINAL AUDIT EXECUTIVE) (88 Points)
04 July 2017WHAT IS THE SERVICE ACCOUNT CODE FOR FILM DISTRIBUTORS & EXHIBUTORS ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161306 Points)
Replied 04 July 2017
'9996' Recreational, cultural and sporting services
NAVEEN KUMAR SURE
(CA FINAL AUDIT EXECUTIVE)
(88 Points)
Replied 05 July 2017
Sir,
thease codes are not listed in GST portal, only existing service tax codes are available i.e. starting from 0044. in that case which code should i select?
please go through the attachment for your reference.
Mahesh Pandit
(Manager- Accounts & Admin.)
(48 Points)
Replied 05 July 2017
Dear Sir,
What is service account code under GST if i geeting commission income on from agency product sell.
under service tax i was paying tax in Business auxiliary service
Regards,
Mahesh
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161306 Points)
Replied 05 July 2017
@ Naveenkumar: These codes were declared in 2012 ..... under service tax regime, which are even acceptable under GST till new codes of GST are finallized.
So, you may use either, which is being accepted by your software; but new codes have been implemented by GST authority, and as such old codes will not be valid .......... a snapshot:::::
[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 11/2017-Central Tax (Rate)
New Delhi, the 28th June, 2017
G.S.R......(E).- In exercise of the powers conferred by sub-section (1) of section 9, subsection
(1) of section 11, sub-section (5) of section 15 and sub-section (1) of section 16 of the
Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the
recommendations of the Council, and on being satisfied that it is necessary in the public interest
so to do, hereby notifies that the central tax, on the intra-State supply of services of descripttttion
as specified in column (3) of the Table below, falling under Chapter, Section or Heading of
scheme of classification of services as specified in column (2), shall be levied at the rate as
specified in the corresponding entry in column (4), subject to the conditions as specified in the
corresponding entry in column (5) of the said Table:-
Table Sl. No. Chapter, Section or Heading Descripttttion of Service Rate
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161306 Points)
Replied 05 July 2017
@ Mahesh Pandit:
New codes are '9961' ::: Services in wholesale trade
And '9962' :::: Services in retail trade.......... both includes Services of commission agents, commodity brokers, and auctioneers and all other traders who negotiate whole sale commercial transactions between buyers and sellers, for a fee or commission
NAVEEN KUMAR SURE
(CA FINAL AUDIT EXECUTIVE)
(88 Points)
Replied 05 July 2017
@ Dhirajlal Sir,
please forward the notice copy,
else please confirm the attachment whether it is the one which you mentioned in earlier message.
NAVEEN KUMAR SURE
(CA FINAL AUDIT EXECUTIVE)
(88 Points)
Replied 05 July 2017
@ Dhirajlal Sir,
please forward the notice copy,
else please confirm the attachment whether it is the one which you mentioned in earlier message.
NAVEEN KUMAR SURE
(CA FINAL AUDIT EXECUTIVE)
(88 Points)
Replied 05 July 2017
@ Dhirajlal Sir,
please forward the notice copy,
else please confirm the attachment whether it is the one which you mentioned in earlier message.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161306 Points)
Replied 05 July 2017
I repeat........ Old service codes are also accepted presently........ but new GST codes are going to replace the SAC code within short period...... so......
The Notification No. 11/2017-Central Tax (Rate) attached
NAVEEN KUMAR SURE
(CA FINAL AUDIT EXECUTIVE)
(88 Points)
Replied 05 July 2017
Sir, Tank you for information.
CAclubindia
