Krishi Kalyan Cess not leviable on exempted services

By | May 27, 2016
(Last Updated On: May 27, 2016)


DATED 26-5-2016

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 161 of the Finance Act, 2016 (28 of 2016), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts 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 special order issued under sub-section (1) or as the case may be under sub-section (2) of section 93 of the Finance Act, 1994 or otherwise not leviable to service tax under section 66B of the Finance Act, 1994:

Provided that Krishi Kalyan Cess shall be leviable only on that percentage of taxable value which is specified in column (3) for the specified taxable services in column (2) of the Table in the notification No. 26/2012-Service Tax, dated 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 468 (E), dated the 20th June, 2012.

Explanation.– It is hereby clarified that value of taxable services for the purposes of the Krishi Kalyan Cess shall be the value as determined in accordance with the Service Tax (Determination of Value) Rules, 2006.

This notification shall come into force from the 1st day of June, 2016

Related post

  2. Krishi Kalyan Cess Accounting code for payment notified
  3. Krishi Kalyan Cess rebate in case of export of services
  4. Krishi Kalyan Cess credit only for payment of Krishi Kalyan Cess
  5. Krishi Kalyan Cess applicable on service under Reverse Charge Also
  6. KRISHI KALYAN CESS w.e.f 01.06.2016
  7. Krishi Kalyan Cess rebate in case of export of services
  8. Krishi Kalyan Cess @ 0.5% on all taxable servies ; Budget 2016
  9. Income Declaration Scheme 2016 to open from 1st June 2016

Leave a Reply

Your email address will not be published. Required fields are marked *