Swachh bharat cess
vishak (accounts) (488 Points)
24 January 2016
how to calculate swachh bharat cess? pls show one example ?
3 Replies
ganeshan k
(asst mgr)
(94 Points)
Replied 24 January 2016
Example: Assume taxable amount is Rs. 10,000/- Swachh Bharat Cess @ 0.50% on Rs. 10,000/- is equal to Rs. 50/-. Swachh Bharat Cess is alike service tax and hence it is calculated on basic amount of service tax.
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 25 January 2016
Dear Ganeshan,
SBC is not computed on basic amount of service tax. But as correctly given in example it is computed on the taxable value. The value on which ST and SBC is computed would be same.
ganeshan k
(asst mgr)
(94 Points)
Replied 25 January 2016
Agreed Nagendra ji, SBC is calculated on basic amount and not on service tax as highlighted in my reply.
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