Tag Archives: Krishi Kalyan Cess

Central Government has vide Notification No.35/2016-Service Tax dated 23.06.2016, has exempted taxable services from levy of Krishi Kalyan Cess (“KKC”) if the following two conditions are satisfied: Where invoices have been raised prior to 01.06.2016; and Where provision of service has been completed prior to 01.6.2016. Accordingly, the concern of …

The Finance Act 2016 had provided provision for levy and collection of Krishi Kalyan Cess (KKC) under section 158 of the Finance Act, 2016 at a rate 0.5% on the value of services. The objective of behind introducing KKC was to financing and promoting initiatives to improve agriculture or for any other purpose relating …