Krishi Kalyan Cess as a service tax: levied alongside existing levies, proceeds routed through the Consolidated Fund. Krishi Kalyan Cess is a cess charged as service tax on taxable services to finance agricultural initiatives; it is levied in addition to any existing service tax or cess, its proceeds must be first credited to the Consolidated Fund of India and may be utilised only after parliamentary appropriation, and provisions relating to levy, collection, refunds, exemptions, interest and penalties under Chapter V of the Finance Act, 1994 and associated rules shall, as far as may be, apply to this cess.