Krishi Kalyan Cess Notifications

By | May 31, 2016
(Last Updated On: June 25, 2016)

Krishi Kalyan Cess notifications

Krishi Kalyan Cess notifications : Levied by Finance Act 2016

KRISHI KALYAN CESS is levied as per CHAPTER VI of Finance Bill 2016. It shall come into force on the 1st day of June, 2016. As per Finance bill 2016 ” There shall be levied and collected a cess to be called the Krishi Kalyan Cess, asservice tax on all or any of the taxable services at the rate of 0.5 per cent. on thevalue of such services .” Read more on the same at : All about KRISHI KALYAN CESS

Krishi Kalyan Cess Notifications : No Krishi Kalyan Cess if Invoice issued before 01.06.2016 and Services Rendered before 01.06.2016

Read Relevant Notification issued by Govt No Krishi Kalyan Cess if Invoice raised before 01.06.2016

Krishi Kalyan Cess notifications  : Krishi Kalyan Cess on all taxable services and on undisclosed income

As per Budget 2016 , Krishi Kalyan Cess has been levied on all taxable serives and on undisclosed income . Read complete Analysis of Budget provisions  as per Finance minster Budget Speech, Explanatory Notes and Sections inserted by Finance Act 2016 KRISHI KALYAN CESS w.e.f 01.06.2016

Krishi Kalyan Cess Notifications : Accounting Code

Krishi Kalyan Cess Accounting code  for payment notified by Govt as per Circular no Circular No. 194/04/2016-ST: 507-Krishi Kalyan Cess read complete circular at Krishi Kalyan Cess Accounting code for payment notified

Krishi Kalyan Cess notifications : Krishi Kalyan Cess applicable on Service under Reverse Charge also

As per NOTIFICATION NO.27/2016-ST Dated 26.05.2016 ,person liable to pay service tax under reverse charge by Notification No 30/2012 , shall also be liable to pay Krishi Kalyan Cess. Read Notification Krishi Kalyan Cess applicable on service under Reverse Charge Also

Krishi Kalyan Cess notifications : Krishi Kalyan Cess Cenvat Credit only for payment of Krishi Kalyan Cess

As per  NOTIFICATION NO.28/2016-C.E. (N.T.) DATED 26-5-2016 Seeks to amend Cenvat Credit Rules so as to prescribe that Cenvat credit of Krishi Kalyan Cess paid on input services would be available to service providers and could be utilised for discharge of liability of Krishi Kalyan Cess only Read complete Notification at Krishi Kalyan Cess credit only for payment of Krishi Kalyan Cess

Krishi Kalyan Cess notifications :

NOTIFICATION NO.28/2016-ST, DATED 26-5-2016 Seeks to exempt such taxable services from whole of Krishi Kalyan Cess leviable thereon which are either exempt from the whole of service tax by a notification or otherwise not leviable to service tax. Further, the notification seeks to provide that abatement notification shall be applicable for computing Krishi Kalyan Cess . Read Notification No Krishi Kalyan Cess on Exempt services

Krishi Kalyan Cess notifications : Rebate in case of export of services

As per NOTIFICATION NO.29/2016-ST, dated 26.05.2016 rebate of Krishi Kalyan Cess is avaiable if the service is exported. Read Notification Krishi Kalyan Cess rebate in case of export of services

Claim of rebate of the duty paid on the inputs or the service tax and cess paid on input services shall be filed with the jurisdictional Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise, as the case may be, after the service has been exported.

As per  NOTIFICATION NO.29/2016-ST, dated 26.05.2016 Explantion 1(e) has been inserted to define that  Service tax and Cess paid means  Krishi Kalyan Cess levied under sub-section (2) of section 161 of the Finance Act, 2016 (28 of 2016).”

Krishi Kalyan Cess notifications : refund of Krishi Kalyan Cess paid on specified services used in an SEZ

 NOTIFICATION NO.30/2016-ST, DATED 26-5-2016 Seeks to amend notification No. 12/2013- ST, dated the 1st July, 2013 so as to inter alia allow refund of Krishi Kalyan Cess paid on specified services used in an SEZ. Read Complete Notification Refund of Krishi Kalyan Cess paid on specified services used in SEZ

Krishi Kalyan Cess notifications : Composition rate for Krishi Kalyan Cess

NOTIFICATION NO.31/2016-ST,  DATED 26-5-2016 Seeks to inter alia provide composition rate for Krishi Kalyan Cess as applicable to ST under sub-rules 7,7A,7B,7C of rule 6 of STR, 1994 Read Notification Composition rate for Krishi Kalyan Cess under rules 7,7A,7B,7C of rule 6 of STR, 1994

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2 thoughts on “Krishi Kalyan Cess Notifications

  1. Pingback: Key Tax amendments from 01.06.2016 - Tax Heal

  2. Pingback: Section 161 Finance Acts 2016- Krishi Kalyan Cess | Tax Heal

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