Does 14% of service tax includes swachabharat cess 2%
y.sanjeeva reddy (student) (25 Points)
26 May 2015Does 14% of service tax includes swachabharat cess 2%
Irfan Khan
(CA FINAL)
(508 Points)
Replied 26 May 2015
No dear.. the 14% rate is excluding swatch bharat cess but including education cess...
Vijay Mahadev Bhosle
(Sr Accounts Officer)
(21 Points)
Replied 26 May 2015
Manish Bisht
(Article)
(26 Points)
Replied 26 May 2015
Anubhav
(Student)
(589 Points)
Replied 26 May 2015
No..It is not applicable as of now...but whenever it wil be, it will be 14 + 2 i.e. 16 %
Its not just cess on tax amount, it is full fledge tax on value of services.
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 27 May 2015
no swachh bharat cess is not tonitifed till date. so it is not applicable now yet. when notification will come, it will be applicable.