Tuesday, August 2, 2016
Government has introduced a new Cess called 'Krishi Kalyan Cess (KKC)' in Finance Act 2016 which will take effect from 01-Jun-2016. It is imposed on all taxable Services at the rate of 0.5%. KKC is not a Cess on Service Tax but it is a tax on taxable services in addition to Service tax. It would be calculated in the same way as Service Tax is being calculated.