https://www.taxtmi.com/circulars?id=60590 A Krishi Kalyan Cess is levied as an additional charge on taxable services effective 1 June 2016 to finance agricultural initiatives; its value is determined under the Service Tax (Determination of Value) Rules, 2006, and it is payable in addition to existing service tax. Notification No.28/2016 exempts services already exempt or not leviable to service tax, and the CBEC has prescribed accounting heads. CENVAT Credit amendments permit credit of the cess on input services but restrict utilisation to payment of the cess; reverse charge, composite rate option, rebate for exports and SEZ refund provisions are provided by separate notifications. en-us Wed, 08 Jun 2016 00:00:00 +0530 Sat, 27 Apr 2019 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60590 A Krishi Kalyan Cess is levied as an additional charge on taxable services effective 1 June 2016 to finance agricultural initiatives; its value is determined under the Service Tax (Determination of Value) Rules, 2006, and it is payable in addition to existing service tax. Notification No.28/2016 exempts services already exempt or not leviable to service tax, and the CBEC has prescribed accounting heads. CENVAT Credit amendments permit credit of the cess on input services but restrict utilisation to payment of the cess; reverse charge, composite rate option, rebate for exports and SEZ refund provisions are provided by separate notifications. Circulars Service Tax Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60590