Opening Heads of Account for accounting of GST
Open the following Heads of Account in the Receipt Side of Consolidated Fund and the Public Account for accounting of the GST.
Government of West Bengal
Finance Department
Budget Branch
Nabanna, Howrah
No. 411-FB Dated: 23rd June, 2017
Notification
Government of India is going to introduce The Goods and Services Tax (GST) nationwide with effect from 1st July, 2017.
In such circumstances, I am directed by the order of the Governor to open the following Heads of Account in the Receipt Side of Consolidated Fund and the Public Account for accounting of the GST –
- In the Receipt Side of Consolidated Fund:
| Sl. No | Head of Account |
| 1 | 0005-Central Goods and Services Tax (CGST)-00-500-Receipts Awaiting Transfer To Other Minor Heads- 001-Receipts Awaiting Transfer-49-Receipt/ Adjustment |
| 2 | 0005-Central Goods and Services Tax (CGST)-00-500-Receipts Awaiting Transfer To Other Minor Heads- 001-Receipts Awaiting Transfer-50-Payment/ Adjustment |
| 3 | 0005-Central Goods and Services Tax (CGST)-00-901-Share of Net Proceeds Assigned to States-001-Share of Central Goods and Services Tax (CGST)-01-Share of Central Taxes/Duties |
| 4 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-001-Collections-03-Taxes |
| 5 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-38-Excess due to mistake/ inadvertence |
| 6 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-39-Exports |
| 7 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-40-Deemed Export |
| 8 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-41-Provisional Assessment |
| 9 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-42-Pre-deposit for filling appeal |
| 10 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-43-Refund or Duty Paid During Investigation |
| 11 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-44-Purchases made by embassies |
| 12 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-45-Refund of Accumulated credit due to Inverted duty structure |
| 13 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-46-Year End or Volume Based Incentives |
| 14 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-47-Tax Refund for International Tourists |
| 15 | 0006-State Goods and Services Tax (SGST)-00-101-Tax-002-Deduct Refunds-48-Others |
| 16 | 0006-State Goods and Services Tax (SGST)-00-102-Interest-001-Collections-07-Interest |
| 17 | 0006-State Goods and Services Tax (SGST)-00-102-Interest-002-Deduct Refund-20-Refund |
| 18 | 0006-State Goods and Services Tax (SGST)-00-103-Penalty-001-Collections-06- Fines /Forfeitures/ Penalties/ Confiscation |
| 19 | 0006-State Goods and Services Tax (SGST)-00-103-Penalty-002-Deduct Refund-20-Refund |
| 20 | 0006-State Goods and Services Tax (SGST)-00-104-Fees-001-Collections-16-Other Fees |
| 21 | 0006-State Goods and Services Tax (SGST)-00-104-Fees-002-Deduct Refund-20-Refund |
| 22 | 0006-State Goods and Services Tax (SGST)-00-105-Input Tax Credit Cross Utilisation of SGST and IGST- 001-Transfer-in from IGST-03-Taxes |
| 23 | 0006-State Goods and Services Tax (SGST)-00-105-Input Tax Credit Cross Utilisation of SGST and IGST- 002-Transfer out to IGST-03-Taxes |
| 24 | 0006-State Goods and Services Tax (SGST)-00-106-Apportionment of IGST -Transfer-in of Tax Component to SGST-001-Apportionment and Transfer of Tax Component-03-Taxes |
| 25 | 0006-State Goods and Services Tax (SGST)-00-107-Apportionment of IGST -Transfer-in of Interest Component to SGST-001-Apportionment and Transfer of Interest Component-07-Interest |
| 26 | 0006-State Goods and Services Tax (SGST)-00-108-Apportionment of IGST -Transfer-in of Penalty Component to SGST-001-Apportionment and Transfer of Penalty Component-06- Fines /Forfeitures/ Penalties/ Confiscation |
| 27 | 0006-State Goods and Services Tax (SGST)-00-109-Sale Proceeds of Confiscated Goods-001-Sale Proceeds of Confiscated Goods-17-Sale Proceeds |
| 28 | 0006-State Goods and Services Tax (SGST)-00-109-Sale Proceeds of Confiscated Goods-002-Fees, Fines and Penalties-06-Fines /Forfeitures/ Penalties/ Confiscation |
| 29 | 0006-State Goods and Services Tax (SGST)-00-500-Receipts Awaiting Transfer to other Minor Heads-001- Receipts Awaiting Transfer-49-Receipt/ Adjustment |
| 30 | 0006-State Goods and Services Tax (SGST)-00-500-Receipts Awaiting Transfer to other Minor Heads-001- Receipts Awaiting Transfer-50-Payment/ Adjustment |
| 31 | 0006-State Goods and Services Tax (SGST)-00-800-0ther Receipts-001-Collections-27-Other Receipts |
| 32 | 0006-State Goods and Services Tax (SGST)-00-800-0ther Receipts-002-Deduct Refunds-20-Refund |
| 33 | 0008-Integrated Goods and Services Tax (IGST)-00-500-Receipts Awaiting Transfer To Other Minor Heads- 001-Receipts Awaiting Transfer-49-Receipt/ Adjustment |
| 34 | 0008-Integrated Goods and Services Tax (IGST)-00-500-Receipts Awaiting Transfer To Other Minor Heads- 001-Receipts Awaiting Transfer-50-Payment/ Adjustment |
| 35 | 0008-Integrated Goods and Services Tax (IGST)-00-901-Share of Net Proceeds Assigned to States-001-Share of Integrated Goods and Services Tax (IGST)-01-Share of Central Taxes/Duties |
- In the Public Account:
| Sl. No | Head of Account |
| 1 | 8658- Suspense Accounts-00-139-Settlement with RBI for GST Receipt-001- Adjustment with Collecting Banks-20- Receipt/ Adjustment |
| 2 | 8658- Suspense Accounts-00-139-Settlement with RBI for GST Receipt-001- Adjustment with Collecting Banks-21- Payment/ Adjustment |
This has approval of Accountant General (A & E), West Bengal, Indian Audit & Accounts Department vide No. A.M.-I/3-79/GSTII/277 dated 23/06/2017 and
Finance (Budget) Department vide U. O. No. 0648 dated 23/06/2017.
Sd/- H.K. Dwivedi
Principal Secretary to the
Government of West Bengal
Finance Department