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Service Tax : Swachh Bharat Cess - Press Note

PRESS NOTE ON SWACHH BHARAT CESS Swachh Bharat Cess will come into effect from 15th November 2015, at the rate of 0.5% on all services, which are presently liable to service tax. This will translate into a tax of 50 paisa only on every one hundred rupees worth of taxable services. The proceeds from this cess will be used for financing and promoting Swachh Bharat initiatives. Some doubts are being raised with respect to the levy of Swachh Bharat Cess, such as,- (i) what would be Swachh Bharat Cess on services where service tax is being paid under the alternative rates of service tax? (ii) what would be the value of taxable services for computation of Swachh Bharat Cess? (iii) whether reverse ...

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