Swacha bharat cess

This query is : Resolved 

15 November 2015 recently govt notify swacha bharat cess what % of swacha bharat cess apply and where its apply n tell me the breakup of service tax

15 November 2015 Swachh Bharat News

1) Swachh Bharat Cess (SBC) will be effective from 15/11/2015

2) Rate of tax will be 0.5% of the value of service.

3) Effective rate 14.5%

4) SBC is to be shown separated i.e. ST 14% & SBC 0.5%

5) Accounting code for SBC IS AS UNDER :


Swachh Bharat Cess-0044-00-506

(Minor Head)

Tax Collection- 00441493

Other Receipts - 00441494

Penalties-00441496

 Deduct Refunds-  00441495

6) SBC has to be paid in Cash only,(credit cannot be availed) and also no Cenvat Credit is  allowed of SBC.

15 November 2015 thank u sr




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