Sai Jai
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All services, including air travel,
telephony, eating out and banking will
become expensive from November 15
as the government on Friday decided
to impose a 0.5 per cent cess on all
taxable services to fund the Swachh
Bharat programme.
The additional cess would be over and
above the 14 per cent service tax rate,
which is already being levied and may
yield the government an additional
about Rs 400 crore during the
remainder of the current fiscal.
“The government has decided to
impose, with effect from November 15,
2015, a Swachh Bharat cess at the rate
of 0.5 per cent on all services, which
are presently liable to service tax,” a
Finance Ministry statement said.
The decision to impose 0.5 per cent
cess will translate into a tax of 50
paise only on every Rs 100 worth of
taxable services.
Read more @: Swachh Bharat cess on airfare, eating out: The Hindu - Mobile edition
telephony, eating out and banking will
become expensive from November 15
as the government on Friday decided
to impose a 0.5 per cent cess on all
taxable services to fund the Swachh
Bharat programme.
The additional cess would be over and
above the 14 per cent service tax rate,
which is already being levied and may
yield the government an additional
about Rs 400 crore during the
remainder of the current fiscal.
“The government has decided to
impose, with effect from November 15,
2015, a Swachh Bharat cess at the rate
of 0.5 per cent on all services, which
are presently liable to service tax,” a
Finance Ministry statement said.
The decision to impose 0.5 per cent
cess will translate into a tax of 50
paise only on every Rs 100 worth of
taxable services.
Read more @: Swachh Bharat cess on airfare, eating out: The Hindu - Mobile edition
