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of <h1>Krishi Kalyan Cess Effective June 1, 2016: New Accounting Codes Issued Under Chapter VI, Finance Act 2016.</h1> The Trade Notice informs stakeholders about the implementation of Krishi Kalyan Cess, effective from June 1, 2016, as per Chapter VI of the Finance Act, 2016. This cess is applicable to 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 assigned accounting codes for the cess under Minor Head '507-Krishi Kalyan Cess' with specific sub-heads for tax collection, other receipts, interest, refunds, and penalties.
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