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0.5% Swachh Bharat cess on all services from 15th Nov 15

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0.5% Swachh Bharat cess on all services from 15th Nov 15, Swachh bharat cess @.5% on value of service applicable w.e.f. 15th nov’15 onwards. Government of India decides to impose a Swachh Brarat Cess at the rate of 0.5% from 15th Nov 2015 on all services presently liable to service tax, with effect from 15th November 2015. Read Complete notification from below –

Swach Bharat Cess Notification No. 22/2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA,
EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE) 

New Delhi, the 6th November, 2015

Notification No. 22/2015-Service Tax

G.S.R. —(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 119 of the Finance Act, 2015 (20 of 2015), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all taxable services from payment of such amount of the Swachh Bharat Cess leviable under sub-section (2) of section 119 of the said Act, which is in excess of Swachh Bharat Cess calculated at the rate of 0.5 percent. of the value of taxable services:

Must Read – FAQ on Swachh Bharat Cess (SBC) – 20 Most Asked Questions

Provided that Swachh Bharat Cess shall not be leviable on services which are exempt from service tax by a notification issued under sub-section (1) of section 93 of the Finance Act, 1994 or otherwise not leviable to service tax under section 66B of the Finance Act, 1994.

This notification shall come into force from the 15th day of November, 2015.

[F.No. 354/129/2015 – TRU]

(K. Kalimuthu)
Under Secretary to the Government of India

Please Note the following :-

SBC to be shown and charged Separately in the Service Invoice.
Service Tax will be @ 14% & SBC will @ 0.5%. Both needs to be shown separately in the Invoice. Do not show the Service Tax as 14.5%.
As of now, there is no amendment passed in the CENVAT Credit rules. Hence, SBC Cannot be taken credit for payment of Service tax using CENVAT Credit.
The Accounting Codes Notified are are follows in respect of SBC
i) Swacch Bharat Cess – 0044-00-506 (Minor Head)

Swach Bharat Cess Notification No. 21/2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA,
EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE) 

New Delhi, the 6th November, 2015

Notification No. 21/2015-Service Tax

G.S.R. —(E).- In exercise of the powers conferred by sub-section (1) of section 119 of the Finance Act, 2015 (20 of 2015), the Central Government hereby appoints the 15th  day of November, 2015 as the date with effect from which the provisions of Chapter VI of the said Act, shall come into force.

[F.No. 354/129/2015 – TRU]

(K Kalimuthu)
Under Secretary to the Government of India

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2 comments

  1. please provide the any update related to central excise and service tax

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