https://www.taxtmi.com/news?id=15182 A new levy, Swachh Bharat Cess, is imposed as a separate cess on taxable services from 15 November 2015, charged in addition to service tax and credited to the Consolidated Fund for Swachh Bharat initiatives. The cess is computed on the same taxable value as service tax and follows existing service tax valuation, abatement and reverse-charge rules; invoices and accounting must show it separately. No Cenvat Credit is available for the cess and reversals under Cenvat Credit Rules do not require separate reversal of the cess. en-us Mon, 16 Nov 2015 17:13:20 +0530 Mon, 16 Nov 2015 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15182 A new levy, Swachh Bharat Cess, is imposed as a separate cess on taxable services from 15 November 2015, charged in addition to service tax and credited to the Consolidated Fund for Swachh Bharat initiatives. The cess is computed on the same taxable value as service tax and follows existing service tax valuation, abatement and reverse-charge rules; invoices and accounting must show it separately. No Cenvat Credit is available for the cess and reversals under Cenvat Credit Rules do not require separate reversal of the cess. News - Mon, 16 Nov 2015 17:13:20 +0530 https://www.taxtmi.com/news?id=15182