Swach bharat cess
This query is : Resolved
23 January 2016
Hi,
When we collect & receive the SBC - where it classify? under indirect exp. or it's duties & taxes. Please let me know.
When we collect & receive the SBC - where it classify? under indirect exp. or it's duties & taxes. Please let me know.
23 January 2016
When we collect SBC it is our liability to pay only in cash. Cenvat credit cant be allowed to be set off against SBC. However, when you pay SBC on any service that you are receiving, it your expense as you cant take its cenvat credit.
23 January 2016
Input SBC can be classified as Expenses, You cannot set off the SBC with out Put , Output SBC can be grouped under Duties and taxes , as you are liable to pay.
23 January 2016
Thanks Ashwani & Kaviraja
Just clarify me-
1)in service tax return should we take cenvat of sbc of input services?
2)Payment of SBC on output services paid with service tax 14% challan?
Just clarify me-
1)in service tax return should we take cenvat of sbc of input services?
2)Payment of SBC on output services paid with service tax 14% challan?
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
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
