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 field Under.
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 Enter 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 Swachh Bharat Cess.
If you have a Swachh Bharat cess ledger created under Type of duty/tax as Others, you can modify the same by selecting Swachh Bharat Cess in the Ledger Alteration screen.
To modify Swachh Bharat cess ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Alter.
2. Select the required Swachh Bharat cess ledger.
3. Select Swachh Bharat Cess in the field Type of duty/tax as shown below:
4. Press Enter to save.
All the tax payment vouchers recorded for paying Swachh Bharat cess dues and other liabilities are displayed in Tax Payment Reconciliation report. For each payment, the bank and challan details have to be provided from this report.
To view the challan reconciliation report for SBC payments:
1. Go to Gateway of Tally > Display > Statutory Reports > Service Tax Reports > Challan Reconciliation. The Challan Reconciliation report appears as shown below:
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