Stock Prices

Friday 6 November 2015

Swachh Bharat Cess on all taxable services from 15.11.2015

Swachh Bharat Cess on all taxable services from 15.11.2015




Swachh Bharat Cess on all taxable services from 15.11.2015

PRESS NOTE BY CBEC on 06.11.2015
In Budget, 2015, a provision was made for levying a Swachh Bharat Cess on all or any of the services, for the purposes of financing and promoting Swachh Bharat initiatives or for any other purpose relating thereto.
In India we people face lot of problems with that of diseases like malaria, dengue etc. So the Govt has taken an initiative to provide fund to meet all medical expenses by imposing 50.paise on Rs.100 as a Swachh Bharat cess on all Taxable Services. This is an great initiative to improve the medical facilities in India and make India No.1.

RELATED NOTIFICATION IS AS FOLLOWS

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:
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




No comments:

Post a Comment