-
Currently, a tax of 15 percent is imposed on an average insurance premium which includes Swachh Bharat Cess and Krishi Kalyan Cess. It will increase from July 1.
-
The government had imposed 0.5 percent SBC on all taxable services from November 15 last year.
-
"What is the basic function of a municipal corporation? Cleanliness. Cleanliness should be there. Narendra Modi talks about 'Swachh Bharat'. 'Swachh Bharat' tax is also collected.
-
"Cesses have been imposed with specific purposes. The government needs revenue. Once the Goods and Services Tax comes to play, hopefully by April 2017, all these taxes will be subsumed," said Ram Tirath Member (Budget), Central Board of Excise and Customs.
-
In his Budget speech in the Parliament today, Arun Jaitley said that an amount of Rs 9000 crore has been allotted for the Swachh Bharat Mission in the Union Budget and the government plans to award villages free from open defecation.
-
Rising rural distress because of back-to-back droughts have put considerable pressure on the Finance Minister to spend more on social schemes, while at the same time he has to win back foreign investors craving for faster reforms.
-
The Swachh Bharat Cess in a non-lapsable fund. The cess is imposed at the rate of 0.5 per cent.
-
CNBC-TV18 learns that the government is open to hiking rates and may use indirect tax to fund spending in FY17.
-
While roll out of GST may still take some time, the telecom industry is expecting solutions to some of its key tax concerns in the upcoming Budget
-
This time, its long list of demands boils down to two things — clearer policies and help in reducing debt
-
The upcoming Budget, which will be presented on February 29, will see Finance Minister Arun Jaitley trying to balance pressures from the Pay Commission report, and his promise to lower corporate tax and raise capex
-
The government had imposed SBC at a rate of 0.5 percent on provision of all taxable services with effect from November 15. Further, it was clarified that the credit of SBC cannot be availed and the cess cannot be paid by utilising credit of any other duty or tax.
-
Since coming to power, the NDA government has already increased the service tax rate once. It was increased from 12.36 percent to 14 percent this fiscal year, along with an imposition of Swachh Bharat cess of 0.5 percent on all services from November 15
-
To provide a boost to the Swachh Bharat Abhiyan, the government has imposed SBC of 0.5 percent on all services liable for service tax, effective November 15, 2015.
-
Responding to a question on whether the cess had triggered a rise in inflation, Minister of State for Drinking Water and Sanitation Ram Kripal Yadav replied in negative.
-
Swachh Bharat Cess: India Inc Cessed Out?
-
Swachh Bharat Cess
-
The industry has found out that there is no Cenvat credit or input credit available on Swachh Bharat Cess. This will have a cascading effect — which means the effective tax rate will be marginally more than the 14.5 percent on paper, which will hit the bottomline of companies
-
Sources further tell CNBC-TV18 that the amendments will come into effect after passage of the Finance Bill with government yet to notify the date. The government has also pruned exemptions under the negative list for service tax in an attempt to broaden tax base.
-
Sachin Menon of KPMG says new service tax will be applicable on all services. He says the new service tax is in line with GST norms. The finance ministry has said there is an enabling provision in the Finance Bill to levy service tax on all services provided by the government to business entities.
-
On extending the timeline for the 3 percent fiscal deficit target by one year, Jaitley said sticking to the earlier deadline would have meant having to cut down on public spending to achieve the target.
-
The central government is considering a Swachh Bharat Cess on all services under the service tax regime. The move is being considered as the centre plans to mop up Rs 1 lakh crore in five years to fund the Swachh Bharat Mission.
