The Tax Preparation Blog

Posts Tagged ‘service tax’

Question: what is accounting code for service tax of Secondary Higher education cess?

I have find in i.e. 00440252, but other information that it has been changed. And New Number is 00440426, but i am not confirm.

Answer: Refer to link below

http://www.allindiantaxes.com/service-tax.php

Accounting Codes for the Secondary and Higher Education Cess for Customs, Central Excise and Service Tax
New Minor Head “505-Secondary and Higher Education Cess”
under the Major Head “0037-Customs”, 0038-Union Excise Duty” & “0044 – Service Tax” .

Numeric Code
Description
Serial Code
SCCD Code

0037
003700505

00370050501
Customs
Secondary and Higher Education Cess
Deduct Refunds
00370068

00370069
116

113

0038
003803
003803505

00380350501
Union Excise Duty Non-Shareable Duties Secondary and Higher Education Cess
Deduct Refunds & Drawback
00380115

00380116
110

119

0044
004400505
Service Tax
Secondary and Higher Education Cess
Tax Collection
Other Receipts
Deduct Refunds
00440426
00440427
00440428
110
111
118

The nomenclature of the minor head ‘504-Education Cess’ inserted vide correction slip No.532 dated 07.12.2004 has been changed as ‘504-Primary Education Cess’. However their accounting codes will remain same.

(Pr. Chief Controller of Accounts letter COORD/13-6/98-99/Vol.IV/454 Dated : October 4, 2007)

Politics, economy boggle tax planning

As the year starts winding down, accountants encourage their small business clients to make an appointment to discuss tax planning for the old year, and for the new one.

Michael Minns – IRS Busted on Tax Code – Part 5

Question: what is the procedure of E- filling service tax challan?

I Know the procedure e-filling of service tax return but how to pay service tax challan online.

Answer: For taxpayers who opt to maintain account with the concerned bank and willing to use Internet banking facility:
• Taxpayer logs on to the bank’s web site.
• The bank’s site allows the taxpayer to enter into the secure banking area after verifying the user ID and password provided to the taxpayer by the bank;
• Once in the secure banking area of the bank, the tax payer can select the “Pay Tax” menu which will further offer option to select various taxes he can pay on-line;
• Once opted for CBEC (Indirect Tax), the taxpayer is guided to the challan form for filling up the details;
• There will be an on-line validation for Assessee Code, Location Code, Account Head against the masters provided to the bank from the concerned Pay and Accounts Office. The validation is mandatory and only successful entrants will be allowed to proceed further;
• Banks will obtain and keep only such Assessee Codes, in their master, which belongs to the assessee who falls under the Commissionerates for which the bank is authorized to collect Indirect Tax revenue. This will ensure that the bank is not collecting and accounting indirect tax revenue for a Commissionerate for which it is not authorized;
• On successful validation of the details in the challan format, the taxpayer is guided to a ‘make payment screen’ showing the payment details filled in by the taxpayer on the challan format;
• The taxpayer gets an option to “Continue” or “Cancel”;
• On selecting “Cancel”, the taxpayer is prompt for entering his user ID and password to enter into the bank’s e-transaction module;
• On selecting “continue”, the taxpayer is prompt for entering his user ID and password to enter into the bank’s transaction module;
• This screen further leads the taxpayer to the page describing his account details with the bank;
• Taxpayer selects the account to be debited;
• Authorise the payment transaction;
• On successful payment transaction, the account of the taxpayer gets debited and taxpayer gets a unique system generated payment confirmation number;
• The concerned Focal Point Bank prints the challan and include in the scroll on a day to day basis and forward to the concerned PAO and, to the Range Officer as per the existing procedure and ensures two copies of the challan in delivered to the taxpayer;
• Fund transaction and settlement with Government will be the exclusive responsibility of the bank as per the existing procedure.
————————

Jyothica

Now, pay income tax through Union Bank ATMs

Now, account holders of the state-run Union Bank of India can pay their income tax through the bank’s network of 2,600 ATMs.

Question: what is the accounting code of secondary and higher secondary education cess for central excise,service tax?

what is the accounting code of secondary and higher secondary education cess for central excise,service tax
and custom and it is effective from which date

Answer: Accounting Code for Education Cess on all taxable services : 00440298

DDT confirms that the new 1% Secondary and Higher Education Cess on Service Tax will be effective only after the enactment of the Finance Bill.

it is effective from 1st June 2007

Fitch Rates Lakeland, FL’s Non Ad Valorem Revs ‘AA-’; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘AA-’ rating to Lakeland, Florida’s (the city) non ad valorem revenue bonds: –Up to $62.2 million, series 2010A tax-exempt; –$12.8 million, series 2010B taxable; –Up to $20.2 million, series 2010C taxable Build America Bonds (BABS). The bonds are expected to sell via negotiation in September. In addition, Fitch assigns the following …

tax service

Question: service tax registration status?

I had applied for a service tax for a start-up biz; how do I check the status of application.
The consultant who applied on behalf of me says that the registration certificate had been mailed to me by department but did not receive any such mail.

Can anybody guide me how it check it online?
My registration no is AMSPR4503RSD001.

Answer: your details are as below. i suggest you to check the following link.

https://cbec.nsdl.com/EST/AssesseeVerification.do

Assessee Belongs To SERVICE TAX
Name of Assessee PROVAS GLOBAL PROP.R.RAJESHKUMAR
Address of Assessee FLAT I (THIRD FLOOR), JACOB’S MANOR
1.MUNIRATHINAM NAIDU STREET, IYYAVOO NAIDU COLONY
AMINJIKARAI, CHENNAI
TAMIL NADU-600029
Location Code SF0405
Commissionerate Code SF (CHENNAI ST COMM)
Division Code 04 (CHENNAI-IV)
Range Code 05 (RANGE-V)
Status ACTIVE
Date of updation
(dd-mm-yyyy) 123

Business calendar

Monday Pioneer Oil Producers Society: Luncheon. 11:30 a.m.-1 p.m., H.E.S.S. Club, 5430 Westheimer. Speaker: Thomas Harris, president and CEO of BlackRock Exploration and Production. Topic: Eagle Ford oil. Cost: $22. Information: Edwin Pierson Jr., 281-679-6547. Tuesday

Regulation of Tax Preparers – Taxpayer Advocate Service