India Inc asks government to delay Swachh Bharat cess

13 Nov 2015 Evaluate

Indian Incorporation hasn't taken too kindly to the recent imposition of a cess to help fund the Swachh Bharat initiative, with lobby groups saying that companies haven't been given enough time to implement the levy and that it goes against the government's push to improve ease of doing business

Federation of Indian Chambers of Commerce & Industry (Ficci) has sent a letter to Revenue Secretary Hasmukh Adhia which stated that the eight day's notice was too short and that the cess should be implemented only in January. Besides, Ficci has said that imposing the levy in such a manner totally goes against the concept of ease of doing business. Further the Confederation of Indian Industry (CII) has said that the timing makes implementation challenging, particularly as it's festival season and changing billing systems in the middle of the month would be difficult.

The grouping has sought clarification on whether the levy would be creditable, referring to reimbursements on items used as inputs used in manufacturing. The notification on the Swachh Bharat cess doesn't clearly set out the value and rate at which it would be levied in sectors such as air travel, where presumptive taxation is followed. Additionally it has also not cleared what the effective rate of tax would be for services that are taxable at an abated rate.

In a bid to provide a boost to the clean India initiative, the government has decided to impose a 0.5 percent cess on all taxable services which are presently liable to service tax, to fund the Swachh Bharat programme. This tax will come into effect from November 15, 2015. Finance Minister Arun Jaitley in Budget 2015-16 had proposed to levy a Swachh Bharat cess of up to 2 percent 'on all or certain services, if need arises. The decision to impose 0.5 percent cess will translate into a tax of 50 paise on every Rs 100 worth of taxable services.

Swachh Bharat cess will be payable on services which are provided on or after November 15, 2015, invoice in respect of which is issued on or after that date and payment is also received on or after that date. It will also be payable where service is provided on or after November 15, 2015, but payment is received prior to that date and invoice in respect of such service is not issued by November 29, 2015.

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.