Service tax from 14.5% to 15%, Service Tax

[SURYAKANT MITHBAVKAR]

Bydget 2016 has proposed to impose a cess, called the Krishi Kalyan Cess. @0.5.% on all taxable services.

The new effective service tax will be @15%

Please let us know which date it will be effective and under which nofication.

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

KKC will come into effect from 01.06.2013.

[KASTURI SETHI]

KKC has been levied vide clause 158 Chapter VI of Finance Bill, 2016 (Now enacted w.e.f.14.5.16). It is applicable from 1.6.16.

[Ganeshan Kalyani]

Sir, Krishi Kalyan Cess is applicable on all taxable services w.e.f. 01.06.2016. This was proposed in Finance Bill 2016 which got assented and become an Act. Thanks.