Swachh Bharat Cess may be imposed by way of a Service Tax amendment
PrintListen to this Article
A Swachh Bharat cess is likely to be imposed by way of a Service Tax amendment in the forthcoming Annual Budget.
According to sources, The Finance Ministry proposes Swachh Bharat cess seeking Rs 1 lakh crore for Swachh Bharat Mission.
The government hopes to mop up Rs 1 lakh crore in five years. Service Tax amendment is likely to take place in the Budget Session.
The Swachh Bharat cess may range between 0.02 to 0.05 per cent. The cess is likely to be levied on telecom SVCs and spectrum sale.
The government mulls imposing cess on all services under service tax regime. It will be levied for a specific purpose for procuring machinery.
The cess may be used for cleanliness and infrastructure development also. It is likely to be added to Swachh Bharat Kosh and the collection will be disbursed to the states, the sources said. (IBN Live)
Category : Service Tax | Comments : 0 | Hits : 797
In a setback to the Patanjali Yogpeeth Trust, the Supreme Court on Friday upheld an appellate tribunal’s ruling that the organisation is liable to pay service tax for charging an entry fee for o...
The High Court recently imposed an ‘exemplary cost’ of Rs 1 lakh on the Commissioner of Service Tax (Appeals) Suresh Kumar, which he has to pay “from his personal funds”. The f...
In a relief to IT companies, government has set aside a 10,000 crore rupee service tax demand notices on IT companies. In a statement, the Finance Ministry said, as a result, apprehensions about the n...
Comments