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Opening Heads of Account for accounting of GST

Finance

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

No. 411-FB dated 23.06.2017, Source

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