Saturday, 6 February 2016

Swachh Bharat Cess knowledge

1. Swachh Bharat Cess (SBC),It's a Cess which levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015,called Swachh Bharat Cess, on service tax on all the taxable services at the rate of 0.5% of the value of taxable service.

 2.Implementation date of Swachh Bharat  Cess (SBC) is 15th day of November, 2015  is the date from which provisions of Swachh Bharat Cess  come into effect (notification No.21/2015-Service Tax, dated 6th November, 2015 refers).

3.Swachh Bharat  Cess (SBC) is imposed for the purposes of financing and promoting Swachh Bharat Abhiyan initiatives


 4.Proceeds of the SBC will be credited to the Consolidated Fund of India, and the Central Government may, after due appropriation made by Parliament, utilise such sums of money of the SBC for the purposes of financing and promoting Swachh Bharat initiatives or for any other purpose relating thereto.

5.It is not leviable on services which are fully exempt from service tax or those covered under the negative list of services




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