swatkats
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Last week, the Ministry of Finance issued a circular stating that the government has decided to impose a Swachh Bharat cess at the rate of 0.5% on all services presently liable to be charged service tax, with effect from 15 November. This means that for everyRs.100 worth of taxable services, you will be taxed 50 paise as Swachh Bharat cess. According to the finance ministry, the proceeds from this cess will be exclusively used for Swachh Bharat initiatives. In a statement, it said, “Swachh Bharat Cess is not another tax but a step towards involving each and every citizen in making contribution to Swachh Bharat.” India taxes services based on a negative list, i.e., any service not especially excluded from this levy is taxed.
www.livemint.com/Money/ju3mM75ddxulCreDWgnJEK/Service-tax-is-set-to-increase-from-14-to-1450-due-to-05.html
www.livemint.com/Money/ju3mM75ddxulCreDWgnJEK/Service-tax-is-set-to-increase-from-14-to-1450-due-to-05.html
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