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Swachh Bharat tax comes into effect

Published

9 years ago

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New Delhi: The levy of 0.5 percent Swachh Bharat cess on taxable services came into effect from Sunday.

With the imposition of the cess, the service tax rate will go up from 14 percent to 14.5 percent on all taxable services. It is expected to fetch the exchequer about Rs.3,800 crore in the remaining months of the fiscal.

It will translate into a tax of 50 paise on every Rs.100 worth of taxable services.

Service tax on restaurant bills will go up from 5.6 percent to 5.8 percent following the levy of 0.5 percent Swachh Bharat, or Clean India, cess.

The finance ministry has clarified that for restaurants or eating joints having air-conditioning facility, the cess would be 0.5 percent of 40 percent of the billed amount, that is 0.2 percent.

“The cumulative service tax and Swachh Bharat Cess liability would be 5.8 percent (14.5 percent of 40 percent) of the total amount charged,” it said.

On Thursday, the ministry, however, clarified that the cess will not apply on those services for which payments have been received prior to November 15 and invoices raised before November 29.

It would mean that the Railway and flight tickets booked before November 15 will not attract the additional levy.

The Swachh Bharat cess, the statement said, will be levied only on the portion of taxable services (after abatement) and will go towards funding of the government’s cleanliness drive.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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