Swacha bharat cess
This query is : Resolved
15 November 2015
recently govt notify swacha bharat cess
what % of swacha bharat cess apply and where its apply
n tell me the breakup of service tax
15 November 2015
Swachh Bharat News
1) Swachh Bharat Cess (SBC) will be effective from 15/11/2015
2) Rate of tax will be 0.5% of the value of service.
3) Effective rate 14.5%
4) SBC is to be shown separated i.e. ST 14% & SBC 0.5%
5) Accounting code for SBC IS AS UNDER :
Swachh Bharat Cess-0044-00-506
(Minor Head)
Tax Collection- 00441493
Other Receipts - 00441494
Penalties-00441496
Deduct Refunds- 00441495
6) SBC has to be paid in Cash only,(credit cannot be availed) and also no Cenvat Credit is allowed of SBC.
1) Swachh Bharat Cess (SBC) will be effective from 15/11/2015
2) Rate of tax will be 0.5% of the value of service.
3) Effective rate 14.5%
4) SBC is to be shown separated i.e. ST 14% & SBC 0.5%
5) Accounting code for SBC IS AS UNDER :
Swachh Bharat Cess-0044-00-506
(Minor Head)
Tax Collection- 00441493
Other Receipts - 00441494
Penalties-00441496
Deduct Refunds- 00441495
6) SBC has to be paid in Cash only,(credit cannot be availed) and also no Cenvat Credit is allowed of SBC.
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