WebACCOUNTING CODES FOR PAYMENT OF SERVICE TAX Appendix 17 – Accounting Codes For Payment of Service Tax WITH EFFECT FROM 20.11.2012 [BY VIRTUE OF CIRCULAR NO. 165/16/2012DATED 20.11.2012] It is noteworthy here separate Codes have been prescribed for Payment of Interest and Penalties. S. No Finance Act, 1994 erstwhile Section 65(105) Web24 Jan 2024 · Under the GST regime, services, as classified under the SAC code, are taxed under five different tax slabs, which are 0%, 5%, 12%, 18%, and 28%. However, the services that are not mentioned under the SAC list or have not been allotted any SAC code will attract an 18% GST levy by default.
SAC Code List 2024, Download SAC Code for GST in Excel, PDF
Web20 Dec 2024 · Nominal codes list. The following list includes some suggested nominal codes that you can use in your business: Code. Description. 4009. Discounts. 4200. Sale … Web16 Mar 2024 · For service tax payment, GAR 7 Challan is to be filed online at www.aces.gov.in Hence e payment is compulsory Due date for GAR 7 Challan It is Quarterly for Individuals and Partnership And Monthly for Others (like Companies and HUF) as shown below Note:- Earlier due date was 5 th for Manual payment by going to bank and 6 th for e … prince wisteria
An Explainer on Service Accounting Code (SAC) Under GST
Web17 Nov 2024 · The uniform accounting code for a multimillion-dollar company would number division first, department second, and account last. For Example: 01-100 = Store 1-Cash … Web21 Feb 2024 · SAC (Services Accounting Codes) List & GST Rates on Services Chapter 99: SAC Codes & GST Rate For Services 99, 9954, 9961, 9962, 9963, 9964, 9965, 9966, 9967, … Web9 Jan 2024 · 2024 VAT Tax Code for Reduced Rate Goods and Services, 5% – T5. Some transactions are eligible for a discounted VAT rate of 5% and require the use of the ‘T5’ tax … plumbing in new construction