Accounting code for late fee penalty of service tax return - Professionals - GST - TIK Share
0 Likes 2723 Views

Accounting code for late fee penalty of service tax return


Kamaldeep Singh

2014-12-13

Hi guys,

Kindly guide me with the correct accounting code to be used for payment of service tax late filing fee/penalty. The assessee is a hotel that has restaurant, rooms and banquet. After utilisation of Itc the balance tax was paid under the head of banquet service accounting code.

 

CA Pulkit Sharma

2014-12-13

Service Tax interest and penalty codes are mentioned in right of service codes. You can select those codes and pay the amount.

I think you paid offline, if you pay online codes are in right of services codes itself.

Accounting Code for Service TaxCodeInterest TaxPenalties
ACCOMMODATION IN HOTELS, INN, GUEST HOUSE, CLUB OR CAMP SITE ETC. SERVICE 1070 1071 1479
RESTAURANT SERVICE 1067

1068

1478

Reply

Kamaldeep Singh

2015-01-12

Thanks bro!

Reply