As per government notification, Swachh Bharat cess of 0.5% will be levied on all taxable services, with effect from November 15, 2015. The service tax rate including the Swachh Bharat cess is 14.5%.
Now in Tally.ERP 9 Release 5.1.3, you can account for Swachh Bharat cess, and record transactions in the same way as service tax.
Points to note on Swachh Bharat cess:
● Swachh Bharat cess is levied, charged, collected, and paid to the government independent of service tax.
● Swachh Bharat cess is captured separately in the invoice, accounted separately in the books of account, and is paid under separate accounting code.
● Swachh Bharat cess is not levied on services which are exempted from service tax.
● Input tax credit cannot be availed on Swachh Bharat cess.
'Release 5.1.3 Highlights' has been shared with
