https://www.taxtmi.com/article/detailed?id=6736 Krishi Kalyan Cess at 0.5% on all taxable services from June 1, 2016 will raise the effective service tax rate and is declared Cenvatable for service providers per TRU guidance, but implementing amendments to the Cenvat Credit Rules are pending. The entitlement appears limited to service providers; manufacturers paying the cess on input services cannot avail credit, making the levy part of their costs. Separate accounting, invoice disclosure, and asymmetric credit rules will increase compliance burdens and may raise prices, affecting startups and manufacturing competitiveness ahead of GST. en-us Wed, 09 Mar 2016 11:15:33 +0530 Wed, 09 Mar 2016 11:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6736 Krishi Kalyan Cess at 0.5% on all taxable services from June 1, 2016 will raise the effective service tax rate and is declared Cenvatable for service providers per TRU guidance, but implementing amendments to the Cenvat Credit Rules are pending. The entitlement appears limited to service providers; manufacturers paying the cess on input services cannot avail credit, making the levy part of their costs. Separate accounting, invoice disclosure, and asymmetric credit rules will increase compliance burdens and may raise prices, affecting startups and manufacturing competitiveness ahead of GST. Articles Budget - Tax Proposals Wed, 09 Mar 2016 11:15:33 +0530 https://www.taxtmi.com/article/detailed?id=6736