CBEC Notifies Accounting Code for Payment of Swachh Bharat Cess (SBC) under Service Tax
The CBEC has notified Accounting Codes allotted for payment of Swachh Bharat Cess leviable under section 66B of the Finance Act, 1994, at the rate of 0.5% (i.e. new Minor Head 506-Swachh Bharat Cess and new Sub-heads), as under:
1. Chapter VI of the Finance Act, 2015 has been brought into effect from 15th November, 2015 [notification Nos. 21/2015-ST, dated 6thNovember, 2015 refers]. Swachh Bharat Cess is leviable on all taxable services, other than services which are fully exempt from Service Tax or services which are otherwise not liable to Service Tax under section 66B of the Finance Act, 1994, at the rate of 0.5% [notification No.22/2015-ST, dated 6th November, 2015 refers].
2. Accordingly, accounting codes have also been allotted by the Office of the Controller General of Accounts for the new Minor Head 506-Swachh Bharat Cess and new Sub-heads as under:
|Swachh Bharat Cess|
|Tax Collection||Other Receipts|