CA Student
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Joined May 2011
Originally posted by : NAGARAJAN. N |
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Dear All,
Please let me know the code to be mentioned for payment of service tax for civil contract. I was told that now only one code is applicable for all type of payments. Is it correct? |
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Earlier w.e.f 01.07.12, the CBEC had prescribed one accounting code (i.e. 00441089) for all taxable services under the negative list approach for payment of service tax (Circular No. 161/12/2012-ST, dated 06.07.12).
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But later on the service specific codes were restored for payment of service tax for the purpose of statistical analysis (Circular No.165/16/2012 –ST, dated 20.11.12).
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Now, you will pay tax under, “Works Contract Service”
Tax: 00440410
Primary Education Cess: 00440298
Secondary and Higher Education Cess: 00440426