Swatch bharat cess
This query is : Resolved
CA Mehul Chudasama
(Querist)
23 December 2015
I have heard that CENVAT credit id not available on Swatch Bharat Cess, If I am Collecting Swatch Bharat Cess and Same time i am paying also measn some other person also collecting from me then how i will adjust that swatch bharat cess that other person is collecting from me...
whether i have to make a net payment of swatch bharat cess?
whether i have to make a net payment of swatch bharat cess?
CA R SEETHARAMAN
(Expert)
23 December 2015
The swach bharath cess other person collecting, charge it as expense.
CA Mehul Chudasama
(Querist)
23 December 2015
Regarding SBC Tax 0.50%
I have a doubt for payment of SBC Tax.
For Example:
Output SBC Tax 0.50% = 2000
Less: Input SBC Tax 0.50% = 1000
SBC Tax Payable = 1000/-
I have a doubt for payment of SBC Tax.
For Example:
Output SBC Tax 0.50% = 2000
Less: Input SBC Tax 0.50% = 1000
SBC Tax Payable = 1000/-
CA R SEETHARAMAN
(Expert)
23 December 2015
No cenvat credit can be availed on SBC so you have to pay 2000 as output SBC.
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