What is Swachh Bharat cess?
The cess was first implemented in 2015. It took the form of a 0.5% surcharge on all services. According to information received in response to the RTI, Rs 20,632.91 crore was collected in Swachh Bharat Cess between 2015 and 2018.
What is the rate of Swachh Bharat cess in India?
0.5%
Ans. It is a Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015,called Swachh Bharat Cess, as service tax on all the taxable services at the rate of 0.5% of the value of taxable service.
What is the position of Swachh Bharat logo on new currency?
Swachh Bharat with its slogan is displayed on the bottom left of the backside of the note. On the left side of the backside of the note, there is a box which houses the value of the currency in various languages of the country.
What is cess service tax?
Calculation of Service Tax From the 1st of June 2016, service tax is levied at 15% of the value of taxable services under Section 66 of the Service Tax Act. The 15% includes 0.5% Krishi Kalyan Cess and 0.5% Swach Bharat Cess.
Is Swachh Bharat cess applicable on GST?
With the implementation of GST from 1st July 2017, Swachh Bharat Cess in not applicable any more. It should be noted that the cess for Swachh Bharat was levied only on those services that are not exempt from service tax.
Is cess applicable on income tax?
Income tax slab for Individual aged more than 80 years An additional 4% Health & education cess will be applicable on the tax amount calculated as above. 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore. 15% of income tax, where the total income exceeds Rs.1 crore.
Why has SBC been imposed?
Ans. SBC has been imposed for the purposes of financing and promoting Swachh Bharat initiatives or for any other purpose relating thereto.
Who made Logo of Swachh Bharat?
Shri Anant Khasbardar of Kolhapur, Maharashtra has won the Logo design contest while Ms. Bhagyasri Sheth of Rajkot, Gujarat emerged successful in the contest for Tagline for the Logo. Shri Khasbardar will be awarded with a cash prize of Rs.
Can Swachh Bharat cess take input credit?
Conclusion: Swachh Bharat Cess paid on input services has to be available as Cenvat Credit and the same can be discharged by utilising Cenvat Credit and assessee was therefore entitled for the refund of it.
What is service tax rate in India?
15%
2016 Union budget of India has proposed to impose a cess, called the Krishi Kalyan Cess, at 0.5% on all taxable services effective from 1 June 2016. The current service tax is at 15%.
How is cess calculated?
Suppose, Cess % is 10%, Cess Amount per Unit Factor is INR 130 and Cess Factor Quantity is 1. An invoice has been issued for INR 10000. In this case cess amount will be INR 1000 which is higher than the quantity multiplied by the Cess Amount per Unit Factor, hence system will consider INR 1000 as Cess Amount.
Who started Nirmal Bharat Abhiyan?
The process was started by Mr. Shankar Singh Parihar, then Up Sarpanch of the GP, and financially supported by the district administration and the District Water and Sanitation Committee. Nandiya has a total population of 1,837. IEC campaigns were carried out by the villagers to make the village ODF.
Who invented SBM?
SBM’s became a very successful product of Gusto in the 1960s. However, during installation the builder Gusto often had to call on operator Shell for assistance. In order to solve this Robert Smulders (from the Gusto family) founded a new IHC daughter company on 27 February 1969.