https://www.taxtmi.com/article/detailed?id=6842 Krishi Kalyan Cess is a statutory cess levied on the value of taxable services from 1 June 2016 to finance agricultural initiatives; it is in addition to existing service tax and computed on the taxable or abated value as determined under existing valuation and abatement rules. The cess follows service tax procedural provisions to the extent applicable, has separate accounting heads, allows Cenvat credit to service providers only for payment of the cess, and is subject to special rules for reverse charge, alternative rates, export rebate and SEZ refunds. en-us Thu, 02 Jun 2016 11:05:50 +0530 Thu, 02 Jun 2016 11:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6842 Krishi Kalyan Cess is a statutory cess levied on the value of taxable services from 1 June 2016 to finance agricultural initiatives; it is in addition to existing service tax and computed on the taxable or abated value as determined under existing valuation and abatement rules. The cess follows service tax procedural provisions to the extent applicable, has separate accounting heads, allows Cenvat credit to service providers only for payment of the cess, and is subject to special rules for reverse charge, alternative rates, export rebate and SEZ refunds. Articles Service Tax Thu, 02 Jun 2016 11:05:50 +0530 https://www.taxtmi.com/article/detailed?id=6842