V
V.Balasubramani
Guest
[h=1]All You Need To Know About Krishi Kalyan Tax On Services From June 1, 2016[/h]What is a Cess?
It is a tax levied by government to fund some special purpose
What is a Krishi Kalyan Cess?
It is a tax collected by the government levied on the service tax we pay to enhance and finance the agricultural facilities
The News-
Budget 2016-2017, the Finance Act, 2016 under chapter VI has proposed an extra 0.5 % of Krishi Kalyan Cess over the taxable services effective from June 1, 2016 increasing the previous service tax of 14.5% to 15 %.Approved by the Government of India on May 14, 2016 the tax levied under Krishi Kalyan cess is exclusive of Swachh Bharat Cess.
Objective and Particulars –
Service Tax 14%
Swachh Bharat Cess 0.5%
Krishi Kalyan Cess 0.5%
Total 15%
Read more at: http://thelogicalindian.com/story-f...ishi-kalyan-tax-on-services-from-june-1-2016/
It is a tax levied by government to fund some special purpose
What is a Krishi Kalyan Cess?
It is a tax collected by the government levied on the service tax we pay to enhance and finance the agricultural facilities
The News-
Budget 2016-2017, the Finance Act, 2016 under chapter VI has proposed an extra 0.5 % of Krishi Kalyan Cess over the taxable services effective from June 1, 2016 increasing the previous service tax of 14.5% to 15 %.Approved by the Government of India on May 14, 2016 the tax levied under Krishi Kalyan cess is exclusive of Swachh Bharat Cess.
Objective and Particulars –
Service Tax 14%
Swachh Bharat Cess 0.5%
Krishi Kalyan Cess 0.5%
Total 15%
Read more at: http://thelogicalindian.com/story-f...ishi-kalyan-tax-on-services-from-june-1-2016/