Dear Investor,

As per the Finance Act, 2015, the Government has decided to levy the Swachh Bharat Cess as proposed in the Union budget, 2015. The cess will be levied at the rate of 0.5% in addition to the 14% service tax. The Swatchh Bharat Cess is proposed to be used for the ambitious sanitation and cleanliness programme.

The new cess rate shall come into effect from 15th November, 2015.

Please note that the Swachh Bharat Cess will be charged on value of taxable services and not on Service tax. Hence, on entire service value (Basic value) Swachh Bharat Cess @ 0.5% to be charged to the customer. The service tax rate (14%) will be applicable separately and will not include the 0.5% Swachh Bharat Cess. The service tax cannot be calculated as 14.5%