Krishi Kalyan Cess

Krishi Kalyan Cess to finance & promote initiatives to improve agriculture

Excise Duty - Government has levied a new Cess to be called as Krishi Kalyan Cess (KKC) with effect from 1.6.2016. The purpose of imposition of this cess is to finance & promote initiatives to improve agriculture or for any other purpose relating thereto....

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POT for Krishi Kalyan Cess (KKC)

Excise Duty - 1. POT for determination of KKC liability for Service Provider (SP): Rule 5 is applicable for determination of KKC liability for Service Provider (SP) due to the amendment in Budget 2016-17 and Notification No. 35/2016 also clarifies the applicability of KKC. ...

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Exhaustive Analysis of Krishi Kalyan Cess (KKC)

Excise Duty - A Cess is a tax which is collected by the government to be used for a specific purpose. Thus collections from levy of cess can be used only for the purpose for which it has been collected and not for any other purpose, Finance Minister has mentioned in his budget speech that proceeds of KKC would be exclusively used for financing initiat...

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Exemption from KKC to services prior to 01.06.2016

Excise Duty - The concern of the industry that KKC shall be levied on the opening debtors i.e. remaining unpaid as on 31.03.2016 has been duly answered and no KKC shall be levied on such amounts. Though the notification is effective from 23.6.2016, payments of opening debtors as received between 01.6.2016 and 22.6.2016 can still be a cause of litigatio...

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No KKC if invoice is raised and services are rendered on or before May 31, 2016

Excise Duty - Central Government vide Notification No. 35/2016-ST dated June 23, 2016, has exempted taxable services with respect to which the invoice for the service has been issued on or before May 31, 2016, from the whole of KKC leviable thereon, subject to condition that the provision of service has been completed on or before May 31, 2016....

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Krishi Kalyan Cess on Services Provided on or before 31.05.2015

Notification No. 35/2016-Service Tax - (23/06/2016) - Central Government, hereby exempts taxable services with respect to which the invoice for the service has been issued on or before the 31st May, 2016, from the whole of Krishi Kalyan Cess leviable thereon, subject to condition that the provision of service has been completed on or before the 31st M...

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Krishi Kalyan Cess Payment Option under New Rule 7E

Notification No. 31/2016-Service Tax - (26/05/2016) - (7E) The person liable for paying the service tax under sub-rule (7), (7A), (7B) or (7C) of rule 6, shall have the option to pay such amount as determined by multiplying total service tax liability calculated under sub-rule (7), (7A), (7B) or (7C) of rule 6 by effective rate of Krishi Kalyan Cess an...

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Refund of Krishi Kalyan Cess on specified services used in SEZ

Notification No. 30/2016-Service Tax - (26/05/2016) - the SEZ Unit or the Developer shall be entitled to refund of- (i) the service tax paid on the specified services on which ab-initio exemption is admissible but not claimed, and (ii) the amount distributed to it in terms of clause (a)....

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Rebate of Krishi Kalyan Cess on input services used in export service

Notification No. 29/2016-Service Tax - (26/05/2016) - The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) by notification No. 39/2012-Service Tax, dated the 20thJune, 2012 vide number G.S.R. 481(E), dated the 20th June, 2012 and last amended vide notification No. 03/201 6- Service Tax, da...

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Krishi Kalyan Cess-Determination of taxable services value

Notification No. 28/2016-Service Tax - (26/05/2016) - Provided that Krishi Kalyan Cess shall be leviable only on that percentage of taxable value which is specified in column (3) for the specified taxable services in column (2) of the Table in the notification No. 26/2012-Service Tax, dated 20th June, 2012, published in the Gazette of India, Extraordin...

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Recent Posts in "Krishi Kalyan Cess"

Krishi Kalyan Cess to finance & promote initiatives to improve agriculture

Government has levied a new Cess to be called as Krishi Kalyan Cess (KKC) with effect from 1.6.2016. The purpose of imposition of this cess is to finance & promote initiatives to improve agriculture or for any other purpose relating thereto....

Read More
Posted Under: Service Tax |

POT for Krishi Kalyan Cess (KKC)

1. POT for determination of KKC liability for Service Provider (SP): Rule 5 is applicable for determination of KKC liability for Service Provider (SP) due to the amendment in Budget 2016-17 and Notification No. 35/2016 also clarifies the applicability of KKC. ...

Read More
Posted Under: Service Tax |

Exhaustive Analysis of Krishi Kalyan Cess (KKC)

A Cess is a tax which is collected by the government to be used for a specific purpose. Thus collections from levy of cess can be used only for the purpose for which it has been collected and not for any other purpose, Finance Minister has mentioned in his budget speech that proceeds of KKC would be exclusively used for financing initiat...

Read More
Posted Under: Service Tax |

Exemption from KKC to services prior to 01.06.2016

The concern of the industry that KKC shall be levied on the opening debtors i.e. remaining unpaid as on 31.03.2016 has been duly answered and no KKC shall be levied on such amounts. Though the notification is effective from 23.6.2016, payments of opening debtors as received between 01.6.2016 and 22.6.2016 can still be a cause of litigatio...

Read More

No KKC if invoice is raised and services are rendered on or before May 31, 2016

Central Government vide Notification No. 35/2016-ST dated June 23, 2016, has exempted taxable services with respect to which the invoice for the service has been issued on or before May 31, 2016, from the whole of KKC leviable thereon, subject to condition that the provision of service has been completed on or before May 31, 2016....

Read More
Posted Under: Service Tax |

20 FAQs On Krishi Kalyan Cess – A New Levy

The Central Government has decided to levy Krishi Kalyan Cess @ 0.5% on the value of taxable services from 01/06/2016. As a result, there are bound to be questions as to how this levy will get integrated into the existing dynamic structure of the Service Tax provisions....

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Krishi Kalyan Cess on Services Provided on or before 31.05.2015

Notification No. 35/2016-Service Tax (23/06/2016)

Central Government, hereby exempts taxable services with respect to which the invoice for the service has been issued on or before the 31st May, 2016, from the whole of Krishi Kalyan Cess leviable thereon, subject to condition that the provision of service has been completed on or before the 31st May, 2016....

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Gist of New Service Tax Notifications effective from 1st June, 2016

(i) Where a taxable service is exempt under any notification / special order or Service Tax is otherwise not payable, such service shall be exempt from levy of whole of KKC. (ii) KKC shall be leviable only on that portion / percentage of taxable service which is subject to Service Tax after availing abatement under Notification No. 26/201...

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Posted Under: Service Tax |

Provision of Services and Krishi Kalyan Cess

Krishi Kalyan Cess (herein after referred to as KKC) is a cess on taxable services, at the rate of 0.5% of the value of such taxable services. The cess is in addition to any cess or service tax leviable on such taxable services under Chapter V of the Finance Act, 1994 or under any other law for the time being in force. ...

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Who is liable for Krishi Kalyan Cess on Services provided upto 31.05.2016

KKC IS APPLICABLE ON SERVICE PROVIDER AND NOT ON SERVICE RECIPIENT FOR THE SERVICES PROVIDED UPTO 31.05.2016 KKC (Krishi Kalyan Cess) is applicable on all services w.e.f. 01.06.2016. After introduction of KKC now effective rate of Service Tax will be 15% on all the services.  The purpose of KKC is financing and promoting initiative to [&...

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