Swachh Bharat Cess (SBC) is calculated in the same way as service tax and is levied on the same taxable value as service tax. SBC is levied at the rate of 0.50% on the value of taxable services.
SBC is not leviable on services which are fully exempt from service tax or those covered under the negative list of services.
To create a Swachh Bharat Cess ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the ledger Name.
3. Select Duties & Taxes as the group name in the Under field.
4. Select Swachh Bharat Cess as the Type of duty/tax.
5. Set Inventory values are affected? to Yes, if required.
6. Set Rounding method, as required.
7. Enter the opening balance.
8. Press Ctrl + A to save.
Note: If you have created a Swachh Bharat cess ledger with the Type of duty/tax as Others, you can change the same to tax type Swachh Bharat Cess.
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