The service tax department has issued new circular spefifying new accounting codes under the Negative List approach to taxation of services.
As per this circular, the Accounting Codes to be used for payment of service tax under Negative List approach, w.e.f 1st July 2012 has been specified.
The relevant circular is reproduced below :-
[gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/07/st-Circular-No-161_12_2012.pdf”]
