Diabytes
Swachh Bharat Cess News
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Opinion appears to be divided among legal experts on the government's approach on service charge in restaurants, with a section terming it totally "illegal and unfair" trade practice and the other favouring making the levy optional.
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The government is poised to raise Rs 10,000 crore revenue annually from levy of the 0.5 percent Swachh Bharat cess (SBC), Parliament was told on Tuesday.
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With the imposition of the Swachh Bharat cess on all services from today, getting a new Permanent Account Number (PAN) card for income tax purposes has become costlier by a rupee to Rs 107.
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You will have to shell out extra cash on services like telephone, air or upper-class railway travel, eating out in restaurants, beauty parlours, gymning and so on, as 0.5 percent Swachh Bharat cess gets implemented from Sunday.
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Finance Ministry Thursday said that service tax on restaurant bills will go up from 5.6 percent to 5.8 percent following the levy of 0.5 percent Swachh Bharat cess on all taxable services from November 15.
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Your weekends are set to pinch your pockets more as Swachh Bharat Cess is set to increase the tax on services you avail, many of them in the ambit of leisure and entertainment
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The decision to impose 0.5 percent cess will translate into a tax of 50 paise only on every Rs 100 worth of taxable services.
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Resources generated from this cess will be utilised for financing and promoting initiatives towards Swachh Bharat.
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