Sir,
What is the Service Tax Code for Director Remuneration Service Tax -Reverse Charge Mechanisam Payment..?
Regards,
M.Shanmugasundaram
M.Shanmugasundaram (Accounts) (234 Points)
17 November 2015Sir,
What is the Service Tax Code for Director Remuneration Service Tax -Reverse Charge Mechanisam Payment..?
Regards,
M.Shanmugasundaram
Mir Irshad Ali
(Partner)
(192 Points)
Replied 18 November 2015
Descripttions of Taxable Services and Accounting Codes for payment of Service Tax
No.: 120
Descripttions of Taxable Services: Other taxable services {Directors Remuneration]
Accounting Codes
Tax Collection:00441480
Other Receipts (interest): 00441481
Penalties: 00441485
Deduct Refunds: 00441482
The services of Director to a company are classifiable under "Other taxable services" and accounting codes for payment of liability are as above [Refer: CBEC Circular No. 165/16/2012-S.T., dated 20-11-2012]
Mir Irshad Ali
(Partner)
(192 Points)
Replied 18 November 2015
Descripttions of Taxable Services and Accounting Codes for payment of Service Tax
No.: 120
Descripttions of Taxable Services: Other taxable services {Directors Remuneration]
Accounting Codes
Tax Collection:00441480
Other Receipts (interest): 00441481
Penalties: 00441485
Deduct Refunds: 00441482
The services of Director to a company are classifiable under "Other taxable services" and accounting codes for payment of liability are as above [Refer: CBEC Circular No. 165/16/2012-S.T., dated 20-11-2012]
Uday Kumar
(Experiencing the IDT)
(34 Points)
Replied 02 December 2015
The most appropriate may be
Management or Business consultant service
Accounting code for tax collection - 00440116
other receipts (interest) - 00440117
Penalties - 00441325
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