Service Tax  accounting codes for new services

The Principal Chief Controller of Accounts, CBEC has notified the accounting codes for the new services:

Head of Accounts

Description

Serial Code

SCCD Code

004400205

Minor Head - Services provided by any person in relation to information technology software for use in the course, or furtherance, of business or commerce.

00440449

111

00440020501

Sub-head - Tax Collection

00440452

111

00440020502

Sub-head - Other Receipt

00440450

113

00440020503

Sub-head - Deduct Refunds

00440451

118

004400206

Minor Head - Services provided by an insurer on life insurance business, in relation to management of investment, under unit linked insurance business, commonly known as Unit Linked Insurance Plan (ULIP) scheme

00440429

113

00440020601

Sub-head - Tax Collection

00440430

111

00440020602

Sub-head - Other Receipt

00440431

110

00440020603

Sub-head - Deduct Refunds

00440432

119

004400207 

Minor Head - Services provided by a recognized stock exchange in relation to assisting, regulating or controlling the business of buying, selling or dealing in securities and includes services provided in relation to trading, processing, clearing and settlement of transactions in securities.

00440433

112

00440020701

Sub-head - Tax Collection

00440434

117

00440020702

Sub-head - Other Receipt

00440435

114

00440020703

Sub-head - Deduct Refunds

00440436

115

004400208

Minor Head - Services provided by a recognized/registered association in relation to assisting, regulating or controlling the business of the sale or purchase of any goods or onward contracts and includes services provided in relation to trading, processing, clearing and settlement of transactions in goods or forward contracts..

00440437

116

00440020801

Sub-head - Tax Collection

00440438

113

00440020802

Sub-head - Other Receipt

00440439

118

00440020803

Sub-head - Deduct Refunds

00440440

118

004400209

Minor Head - Services provided by a processing and clearing house in relation to processing, clearing and settlement of transactions in securities, goods or forward contracts including any other matter incidental to, or connected with, such securities, goods and forward contracts.

00440441

113

00440020901

Sub-head - Tax Collection

00440442

116

00440020902

Sub-head - Other Receipt

00440443

115

00440020903

Sub-head - Deduct Refunds

00440446

112

004400210

Minor Head - Services provided by any person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of procession and effective control of such machinery, equipment and appliances.

00440444

114

00440021001

Sub-head - Tax Collection

00440445

117

00440021002

Sub-head - Other Receipt

00440447

119

00440021003

Sub-head - Deduct Refunds

00440448

110

The Sub-head "Other Receipt" is meant for interest, penalty leviable on delayed payment of Service Tax.

The Sub-head "Deduct Refunds" is not to be used by the assessees, it is meant for the department while allowing refund of Tax.

Primary Education Cess on all taxable services will be booked under 00440298 and Secondary and Higher Education Cess will be booked under 00440426.