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What is meant by Service Tax Code (STC) and is it based on PAN?

April 26, 2017based code meant pan service STC tax

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What is meant by Service Tax Code (STC) and is it based on PAN?

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The department has decided to introduce allotment of 15 digits alphanumeric Service Tax code(STC) number to all service tax assessees which is based on the PAN issued by the Income Tax department PAN based. The main objective of allocating a number is to identify the concerned person where he is located and registered. The first ten digits shall be PAN allotted to the assessee, the next two digits will comprise of a fixed two character service alpha code followed by three digit numeric code for the premises.