CBI raids 15 MLAs in Jharkhand for taking bribe in Rajya Sabha elections   Rajya Sabha passes Finance Bill 2012    Petrol & Diesel prices to be hiked   FM says Government to take hard measures after Rupee hits all time low of 54.52 against US Dollar     Yeddy applies for bail after CBI raids on his residence   Income Tax Officer SK Saini sentenced to 3 years RI + fine of Rs 35 Lakh by CBI Court in Bhopal     IRS Officer Brahmananda Reddy arrested by CBI     Founder of Matrix Laboratories Nimmagadda Prasad also arrested by CBI   Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42      Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33    Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34    Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35     Saurabh Chandra gets additional charge of Commerce Secretary    ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi      CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26     Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details    Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery     RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings      Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23   Excise on specified Petroleum Oils lowered    Eye makeup preparations exempted from excise   The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26     CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25     exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30    Import of specified goods allowed at concessional rate of duty-Customs Notification No.31       Lok Sabha passes Finance Bill 2012      FM defers the applicability of  GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of  non-resident investors, including PE investors lowered to 10 per cent-FM extends  benefit of tax exemption on long term capital gains to  sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws  the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also  enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry    Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22        Customs duty on import of 806 Products from Japan lowered       Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19     Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24      
 
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Email | Print

No. Coord/13(6)/98-99/Vol IV/20
Office of the
Pr. Chief Controller of Accounts
Central Board of Excise & Customs
A.G.C.R. Building, 1st Floor,
I.P. Estate, New Delhi

Dated: April 24, 2006 

OFFICE MEMORANDUM

Subject: Opening of new Heads of Accounts for 15 new service brought under service tax levy w.e.f. 01.06.2006.

I am state that 15 new service have been brought into the Service Tax net in the Finance Bill 2006. The new Service have come into force w.e.f. 01.05.2006 as per Notification No. 15/2006-Service Tax dt. 25.04.06 Issued by Ministry of Finance, Department of Revenue. List of Heads of Accounts opened under the Major head "0044-Service Tax" in respect of 15 new services brought under the Service Tax with effect from 01.05.2006 is enclosed. The computer codes i.e. SCCD Codes and Sr. Codes have also been allotted by CGA's Office and the same have been mentioned against the relevant head of Account in the list.

Eight digit reduced accounting codes as mentioned at column No. 3 in the list may please be intimated to the Commissioner, Central Excise & Customs under your Accounting jurisdiction with the advise to issue a Trade Notice for information of the assessee.

Controller of Accounts

New Head of Account to be opened below Major Head 0044 - Service Tax

Head of Account

Description

Serial Code

SCCD Code

004400183

Minor Head - Service provided by a Registrar to an issue

00440337

 

00440018301

Sub-head - Tax Collection

00440338

118

00440018302

Sub-head - other receipts

00440339

113

00440018303

Sub-head - Deduct refunds

00440340

113

004400184

Minor Head - Service provided by a Share Transfer Agent

00440341

 

00440018401

Sub-head - Tax Collection

00440342

111

00440018402

Sub-head - other receipts

00440343

110

00440018403

Sub-head - Deduct refunds

00440344

119

004400185

Minor Head - Automated Teller Machine operations, Maintenance or management

00440345

 

00440018501

Sub-head - Tax Collection

00440346

117

00440018502

Sub-head - other receipts

00440347

114

00440018503

Sub-head - Deduct refunds

00440348

115

004400186

Minor Head - Service provided by a recovery agent

00440349

 

00440018601

Sub-head - Tax Collection

00440350

118

00440018602

Sub-head - other receipts

00440351

113

00440018603

Sub-head - Deduct refunds

00440352

116

004400187

Minor Head - Sale of space or time for advertisement, other than in print media

00440353

 

00440018701

Sub-head - Tax Collection

00440354

114

00440018702

Sub-head - other receipts

00440355

117

00440018703

Sub-head - Deduct refunds

00440356

112

004400188

Minor Head - Sponsorship services provided to any body corporate or firm, other than sponsorship of sports events.

00440357

 

00440018801

Sub-head - Tax Collection

00440358

110

00440018802

Sub-head - other receipts

00440359

111

00440018803

Sub-head - Deduct refunds

00440360

115

004400189

Minor Head - Transport of passengers embarking on international journey by air, other than economy class passengers

00440361

 

00440018901

Sub-head - Tax Collection

00440362

113

00440018902

Sub-head - other receipts

00440363

118

00440018903

Sub-head - Deduct refunds

00440364

111

004400190

Minor Head - Transport of goods in containers by rail by any person, other than Government railway.

00440389

 

00440019001

Sub-head - Tax Collection

00440390

112

00440019002

Sub-head - other receipts

00440391

119

00440019003

Sub-head - Deduct refunds

00440392

110

004400191

Minor Head - Business support services

00440365

 

00440019101

Sub-head - Tax Collection

00440366

119

00440019102

Sub-head - other receipts

00440367

112

00440019103

Sub-head - Deduct refunds

00440368

117

004400192

Minor Head - Auctioneers service, other than auction of properly under directions or orders of a count of law or auction by the Central Government.

00440369

 

00440019201

Sub-head - Tax Collection

00440370

110

00440019202

Sub-head - other receipts

00440371

111

00440019203

Sub-head - Deduct refunds

00440372

118

004400193

Minor Head - Public relations service

00440373

 

00440019301

Sub-head - Tax Collection

00440374

116

00440019302

Sub-head - other receipts

00440375

115

00440019303

Sub-head - Deduct refunds

00440376

114

004400194

Minor Head - Ship Management services

00440377

 

00440019401

Sub-head - Tax Collection

00440378

112

00440019402

Sub-head - other receipts

00440379

119

00440019403

Sub-head - Deduct refunds

00440380

117

004400195

Minor Head - Internet Telephony service

00440381

 

00440019501

Sub-head - Tax Collection

00440382

115

00440019502

Sub-head - other receipts

00440383

116

00440019503

Sub-head - Deduct refunds

00440384

113

004400196

Minor Head - Transport of persons by cruise ship

00440385

 

00440019601

Sub-head - Tax Collection

00440386

111

00440019602

Sub-head - other receipts

00440387

110

00440019603

Sub-head - Deduct refunds

00440388

119

004400197

Minor Head - Credit Card, debit card change card or other payment card related services

00440393

 

00440019701

Sub-head - Tax Collection

00440394

118

00440019702

Sub-head - other receipts

00440395

113

00440019703

Sub-head - Deduct refunds

00440396

116

Note : A. The sub-head "Other Receipts" is meant for interest, penalty, leviable on delayed payment of Service Tax.

The sub-head "Deduct Refunds" is not to be used by the Assessee, it is meant for the Excise Deptt. while allowing refund of Tax.

B. Education Cess on all taxable services : 00440298

 

  

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