Sbc
sreenivas (student) (46 Points)
08 January 2016
what is the rule to followed as per point of taxation rules for swach bharat cess.?
2 Replies
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 08 January 2016
As per FAQs on SBC published by CBEC, Rule 5 of POT Rules is applicable for SBC.
However Since Rule 5 applicable when the services being taxed for the first time. In the instant case since the services are already being taxed, only the effective rate of service tax is getting changed. Accordingly Rule 4 would be more appropriate.
CA Chandra Prakash
(9873059766 Increasing knowledge through sharing)
(296 Points)
Replied 08 January 2016
Rule 5 of POT rules, 2011
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