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 treated as new levy; Point of Taxation Rule 5 governs collection timing. Swachh Bharat Cess is characterized as a new levy introduced under the Finance Act, 2015 effective from 15.11.2015, and the timing for its collection is governed by Point of Taxation Rule 5.