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

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  • Krishi Kalyan Cess comes into force from June 1; eating out, mobile bills set to become expensive

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Sanjeev
Published on: Jun 2, 2016
358 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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  • Krishi Kalyan Cess comes into force from June 1; eating out, mobile bills set to become expensiveUp next

    Krishi Kalyan Cess comes into force from June 1; eating out, mobile bills set to become expensive

    Krishi Kalyan Cess of 0.5 per cent, proposed by Finance Minister Arun Jaitley during his budget speech, will come into effect from Wednesday and is expected to make restaurant bills, mobile phones, cinemas, visits to beauty parlours, air travel, insurance, DTH, credit and debit cards, courier, healthcare, banking and professional consultancies costlier.

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    Catch is a contemporary new digital platform about the ideas and events shaping the world. It aims to filter and provide news-on-the-run for an impatient new generation. It offers greater insight for influencers and the deeper consumer of news. When opinions are shrill and polarized, we hope to create a middle ground and build bridges. When there is a set thinking, we hope to stand apart and go against the wind. The world is complex, exciting, layered, evolving, always interesting. We hope to be the same.

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