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<h1>Krishi Kalyan Cess at 0.5% on Taxable Services Starts June 1, 2016, per Chapter VI of Finance Act, 2015.</h1> The circular addresses the implementation of the Krishi Kalyan Cess, effective from June 1, 2016, as per Chapter VI of the Finance Act, 2015. This cess is applicable at a rate of 0.5% on all taxable services, except those fully exempt from Service Tax or not liable under section 66B of the Finance Act, 1994. The Office of the Controller General of Accounts has designated specific accounting codes for the new Minor Head '507-Krishi Kalyan Cess' and its associated sub-heads, covering tax collection, interest, refunds, and penalties. Recipients are requested to acknowledge receipt and ensure wide publicity of this information.