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FM announces Infrastructure CessEducation Sector Removed from Negative ListThe time-limit for issuance of SCN for non-fraud cases is proposed to increase to 30 MonthsThe Cenvat Credit Rules SimplifiedNew Annual Return to be filed by Service Tax AssesseeSoftware on media bearing MRP is exempted from Service TaxAbatement reduced for Residential PropertyHUF can now pay Service Tax on Quarterly BasisThe right to use the radio-frequency spectrum and subsequent transfers to be declared as a Service.Interest Rates Reduced to 18% when Service Tax is not collected.Excise Duty on Tobacco products except bidis hiked by 10-15%Krishi Kalyan Cess on the taxable services at the rate of 0.5%
Accounting Code for Cess and Interest or Penalty on Cess


Education Cess on All Taxable Services: 
Other Receipt (Interest or Penalty) on Education Cess: 00440299
Secondary & Higher Secondary Education Cess on all Taxable Service: 00440426
Other Receipt (Interest or Penalty) on Secondary and Higher Secondary education Cess: 00440427





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