Swach Bharath Cess has been notified at 0.5% on value of taxable services with effect from 15th November 2015 vide Notification No. 21 and 22 dated November 6, 2015.
Swach Bharath Cess has been notified at 0.5% on value of taxable services with effect from 15th November 2015 vide Notification No. 21 and 22 dated November 6, 2015. Rate of service tax with effect from November 15th will be 14.5% with Swach Bharath Cess, and no credit of the Cess component. Service Tax and Cess have to be charged separately and paid under different accounting heads. Head of account for Swach Bharath Cess yet to be notified. This is for all taxable services without any exemption.
-> SBC is a Cess levied by the Government of India on taxable services. The amount collected from this Cess is aimed to be utilized towards the cleanliness drive launched by the Prime Minister.
Rajendra Kumar
