Swachh Bharat Cess Accounting

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  1. Ankit Daruka

    Ankit Daruka New Member

    As we all know Swachh Bharat Cess is not Cenvatable. Can any one explain me how to account Swachh Bharat Cess Input and Output.
    I have doubt on Input under which head it will be accounting.
     
  2. SBC needs to be shown seperately in invoice because it is a levy instead of cess and sbc paid on input services cannot be allowed as credit.

    sbc minor head = 0044-00-506
    tax collection =00441493
    other receipts =00441494
    penalties deduct =00441496
    refunds =00441495
     
  3. ZED

    ZED Well-Known Member

    To sirs reply I wish to add, It will become an expense and should not be added in the value of service but should be shown separately
     
  4. Ankit Daruka

    Ankit Daruka New Member

    That's what I want to know Input Is Swachh Bharat Cess indirect expense and output is current liability
     
  5. ZED

    ZED Well-Known Member

    Yes, it is.
     
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