Chapter VI of the Finance Act, 2015 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:
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:
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