Whether Sbc Is A ‘cess’ On Tax’ And We Need To Calculate Sbc @ – InterviewSolution

InterviewSolution

1.

Whether Sbc Is A ‘cess’ On Tax’ And We Need To Calculate Sbc @ 0.50% On The Amount Of Service Tax Like We Were Earlier Doing For Calculating Education Cess And She Cess?

Answer»

No, SBC is not a CESS on Service Tax. SBC SHALL be levied @ 0.5% on the VALUE of taxable SERVICES.

No, SBC is not a cess on Service Tax. SBC shall be levied @ 0.5% on the value of taxable services.

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