Gujarat Global News Network, New Delhi
Now get ready to pay more taxes. From November 15 a Swachh Bharat Cess at the rate of 0.5% on all services, will be levied. This tax would be levied on services which are presently liable to service tax. This will translate into a tax of 50 paisa only on every one hundred rupees worth of taxable services. The proceeds from this cess will be exclusively used for Swachh Bharat initiatives.
In the General Budget, 2015-16, a provision was made for levying a Swachh Bharat Cess on all or any of the services, for the purposes of financing and promoting Swachh Bharat initiatives or for any other purpose relating thereto.
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