Swachha bharath cess
This query is : Resolved
19 May 2016
dear sir's please clarify my problem,
i received swachha bharath cess on input , this cess may i use for set off against output swachha bharath cess ??
and
if it eligible for set off, which column i use for set off swachha bharath cess? if may not be eligible for set off input swachha bharath cess against output swachha bharath cess ,then what procedure i followed?
may i use input service tax for set off with output swachha bharath cess?
pls give me valid solution urgently...sir
i received swachha bharath cess on input , this cess may i use for set off against output swachha bharath cess ??
and
if it eligible for set off, which column i use for set off swachha bharath cess? if may not be eligible for set off input swachha bharath cess against output swachha bharath cess ,then what procedure i followed?
may i use input service tax for set off with output swachha bharath cess?
pls give me valid solution urgently...sir
Gokul Sharma
(Expert)
19 May 2016
no you cannot take input credit of SWC ... YOU CANNOT SET OFF YOUR OUTPUT LIABILITY OF SWC WITH YOUR INPUTS.....SWC LIABILITY TO BE PAID BY CASH/BANK ONLY.
Gokul Sharma
(Expert)
19 May 2016
SWC SHOULD BE BOOKED AS EXP.
Suresh Ramaswamy
(Expert)
20 May 2016
Swatch Bharat Cess as per provisions of law has to be paid only in cash - it cannot be adjusted against output tax or SBC Payable. A challan for payment of SB Cess is a must. It has been clarified by notification dated 3rd February 2016 that no input credit can be availed for SBC nor can any payment be made by CENVAT Credit.
In the books of accounts SBC has to be booked as expenses and even the payments made on output service are not CENVAT able.
In the books of accounts SBC has to be booked as expenses and even the payments made on output service are not CENVAT able.
Message likes :
1 times
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Import of Capital Machine
- LLP audit and disclosure
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- Closer of business and itc of capital goods
- 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
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
