Krishi Kalyan Cess Comes Into Force At 0.5% On Taxable Services

Sanjeev
Published on: Jun 2, 2016
527 views

A new Cess, Krishi Kalyan will be levied over and above the service tax as well as the Swach Bharat Cess from today. Finance Minister, Arun Jaitely proposed the Krishi Kalyan cess in this years budget which is at 0.5% on taxable services. With the aim of boosting rural infrastructure in India, the new cess will be levied from all taxable services in addition to the Swach Bharat cess of 0.5% and the existing service tax of 14%.

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