Sawch bharat cess
This query is : Resolved
pooja Garg
(Querist)
08 June 2016
Sir another confusion,
sawch bharat cess as a expenses booked in our books if we take service and we received swc from service receiver than we paid to govt.
There are 2 times collect swc by the govt. On same service
sawch bharat cess as a expenses booked in our books if we take service and we received swc from service receiver than we paid to govt.
There are 2 times collect swc by the govt. On same service
Suresh Ramaswamy
(Expert)
08 June 2016
When one receives services from any service provider, the recipient pays service tax (which is available as input credit) and SBC not available - hence booked as expenses. When you bill somebody for services rendered, it is not the same service you received, but some other service being rendered. Hence there is no double levy of SBC. Only you do not get credit for the Input SBC paid.
Earlier, before Cenvat Credit was introduced in mid 1980'2 there used to be aggregation of duty in various transactions that the final consumer used to pay about 70% of the cost as excise duty and Sales tax.
Now a small portion is being increased this way. The new levy Krishi Kalyan Cess is again available as Input credit.
Earlier, before Cenvat Credit was introduced in mid 1980'2 there used to be aggregation of duty in various transactions that the final consumer used to pay about 70% of the cost as excise duty and Sales tax.
Now a small portion is being increased this way. The new levy Krishi Kalyan Cess is again available as Input credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- GSTR9 Annual Return
- Ito add credit side of bank
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Import of Capital Machine
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
