Refund of Swachh Bharat Cess to unit located in SEZ or Developer of SEZ

By | February 28, 2016

Refund of Swachh Bharat Cess to a unit located in a SEZ or Developer of SEZ

CBEC vide Notification No. 02/2016-Service Tax, Dated: February 03, 2016 has provided that the SEZ Unit or the Developer will be entitled to refund of the Swachh Bharat Cess paid on the specified services on which ab-initio exemption is admissible but not claimed. The refund of amount would be determined by multiplying total service tax distributed to SEZ/ developer by effective rate of Swachh Bharat Cess and dividing the product by rate of service tax specified in section 66B of the Finance Act, 1994 i.e. 14%.

[Notification No. 02/2016-Service Tax, Dated: February 03, 2016]

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