https://www.taxtmi.com/article/detailed?id=6750 Krishi Kalyan Cess (KKC) is proposed as a new Service Tax levy of 0.5% on "all or any of the taxable services" effective 1 June 2016; it is additional to existing service tax and cesses, with proceeds credited to the Consolidated Fund of India and appropriated by Parliament for financing agriculture and farmer welfare. Service tax rules, including refunds, exemptions, interest and penalties, apply as far as may be. Cenvat credit on KKC paid on input services is allowed for payment of the cess, with anticipated amendments to Cenvat Credit Rules. en-us Sat, 19 Mar 2016 08:47:28 +0530 Sat, 19 Mar 2016 08:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6750 Krishi Kalyan Cess (KKC) is proposed as a new Service Tax levy of 0.5% on "all or any of the taxable services" effective 1 June 2016; it is additional to existing service tax and cesses, with proceeds credited to the Consolidated Fund of India and appropriated by Parliament for financing agriculture and farmer welfare. Service tax rules, including refunds, exemptions, interest and penalties, apply as far as may be. Cenvat credit on KKC paid on input services is allowed for payment of the cess, with anticipated amendments to Cenvat Credit Rules. Articles Service Tax Sat, 19 Mar 2016 08:47:28 +0530 https://www.taxtmi.com/article/detailed?id=6750