Accounting code for the payment of Krishi Kalyan Cess - Service Tax - TRADE NOTICE No. 06/2016

OFFICE OF THE CHIEF COMMISSIONER OF CENTRAL EXCISE, CUSTOMS AND SERVICE TAX C.R. BUILDING, I.S. PRESS ROAD, COCHIN - 682 018 C. No. IV/16/11/2016-ST-Tech Dated: 10.06.2016 TRADE NOTICE No. 06/2016 Subject: Accounting code for the payment of Krishi Kalyan Cess - regarding. Chapter VI of the Finance Act, 2016 will come into effect from 1st June, 2016. Krishi Kalyan Cess is leviable on all taxable services, other than services which are fully exempt from Service Tax or services which are otherwise not liable to Service Tax under section 66B of the Finance Act, 1994, at the rate of 0.5%. 2. Accordingly, accounting codes have also been allotted by the Office of the Controller General of Accounts for the new Minor Head 507-Krishi Kalyan Cess and new Sub-heads as under: Sl. No. Krishi Kalyan Cess (Minor Head) Tax Collection Other Reciepts (Interest) Deduct Refunds Penalties 1 0044-00-507 00441509 00441510 00441511 00441512 3. All the trade associations are requested to bring the contents of this Trade Notice to the attention of their members in particular and the trade in general. RESHMA LAKHANI COMMISSIONER