POINT OF TAXAON FOR

[hardik thacker]

SIR,

WHICH RULE OF POINT OF TAXATION (RULE 4 OR 5 ) APPLICABLE FOR COLLECTION OF 'SBC'.

WHETHER IT IS CONSIDERED AS NEW LEVY??

THANKS

[Ganeshan Kalyani]

Swachh Bharat Cess is a new levy with effective from 15.11.2015 under sub-section 2 of section 119 of the Finance Act, 2015

[Ganeshan Kalyani]

Rule 5 of POTR will be applicable.

AI Summary

Swachh Bharat Cess Confirmed as New Levy; Rule 5 of Point of Taxation Rules Governs Collection Process A query was raised regarding the applicable rule for the collection of the Swachh Bharat Cess (SBC) under the Point of Taxation Rules (POTR), questioning whether it should be considered a new levy. It was clarified that the Swachh Bharat Cess is indeed a new levy effective from November 15, 2015, under sub-section 2 of section 119 of the Finance Act, 2015. Rule 5 of the Point of Taxation Rules is applicable for its collection.