Krishi Kalyan Cess accounting codes assigned to segregate tax collections, interest, refunds and penalties under service tax framework. Accounting and reporting arrangements were prescribed for the Krishi Kalyan Cess, effective from the commencement of Chapter VI of the Finance Act, 2016, and a new Minor Head '507 Krishi Kalyan Cess' with sub heads for tax collection, interest receipts, deducting refunds, and penalties was allocated by the Controller General of Accounts for use in government accounting.
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Krishi Kalyan Cess accounting codes assigned to segregate tax collections, interest, refunds and penalties under service tax framework.
Accounting and reporting arrangements were prescribed for the Krishi Kalyan Cess, effective from the commencement of Chapter VI of the Finance Act, 2016, and a new Minor Head "507 Krishi Kalyan Cess" with sub heads for tax collection, interest receipts, deducting refunds, and penalties was allocated by the Controller General of Accounts for use in government accounting.
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