Krishi Kalyan Cess as a service tax levy to fund agricultural initiatives, payable in addition to existing service taxes. A new levy, the Krishi Kalyan Cess, is imposed as an additional service tax on the value of taxable services to finance and promote agricultural initiatives; its proceeds are first credited to the Consolidated Fund of India and, after parliamentary appropriation, may be utilised for those purposes, with applicable service-tax procedures for levy, collection, refunds, exemptions, interest and penalty applying as far as may be.