Krishi Kalyan Cess

At present, the services sector is taxed at 14 per cent with two additional cesses -- Swachh Bharat Cess and the Krishi Kalyan Cess attracting half a per cent each.

In a bid to end confusion over retrospective applicability of the new Krishi Kalyan cess, the government has stated that 0.5 per cent tax will not apply on services whose invoice had been issued on or before May 31.

With the first month nearing completion, the Finance Ministry will hold a high-level meeting to review the ambitious one-time compliance window that has been announced by the government to declare domestic black money.

A number of goods and services cost more from today, with some Budget proposals kicking in. In a double whammy for the common man, the prices of several essentials are also up, following a sharp rebound in global commodity prices.

Planning to buy a car priced over Rs 10 lakh? You will have to shell out 1 per cent extra over and above the price of the car as the tax introduced by the Finance Minister Arun Jaitley in Budget this year will become applicable from June 1.

Those travelling in AC coaches of trains will have to shell out more from Wednesday, with the government deciding to impose a 'Krishi Kalyan' cess of 0.5 per cent on service tax.

Come June 1, be ready to pay a new service tax on any of the taxable services. The Krishi Kalyan Cess announced by Finance Minister Arun Jaitley in the Union Budget will come into play from next month.

Government should reconsider imposition of Krishi Kalyan Cess at 0.5 per cent on all taxable services as it will push production costs further, a report said.

The government will subsume all additional levies such as Krishi Kalyan and Infrastructure cess in the Goods and Services Tax (GST), within an year of its implementation.

With effect from June, the government has proposed to impose a Krishi Kalyan cess of 0.5 per cent on all taxable services.

Finance Minister Arun Jaitley did not raise service tax in a big relief to taxpayers, but he announced a "Krishi Kalyan" cess of 0.5 per cent, which be levied on all services.

At present, the services sector is taxed at 14 per cent with two additional cesses -- Swachh Bharat Cess and the Krishi Kalyan Cess attracting half a per cent each.

In a bid to end confusion over retrospective applicability of the new Krishi Kalyan cess, the government has stated that 0.5 per cent tax will not apply on services whose invoice had been issued on or before May 31.

With the first month nearing completion, the Finance Ministry will hold a high-level meeting to review the ambitious one-time compliance window that has been announced by the government to declare domestic black money.

A number of goods and services cost more from today, with some Budget proposals kicking in. In a double whammy for the common man, the prices of several essentials are also up, following a sharp rebound in global commodity prices.

Planning to buy a car priced over Rs 10 lakh? You will have to shell out 1 per cent extra over and above the price of the car as the tax introduced by the Finance Minister Arun Jaitley in Budget this year will become applicable from June 1.

Those travelling in AC coaches of trains will have to shell out more from Wednesday, with the government deciding to impose a 'Krishi Kalyan' cess of 0.5 per cent on service tax.

Come June 1, be ready to pay a new service tax on any of the taxable services. The Krishi Kalyan Cess announced by Finance Minister Arun Jaitley in the Union Budget will come into play from next month.

Government should reconsider imposition of Krishi Kalyan Cess at 0.5 per cent on all taxable services as it will push production costs further, a report said.

The government will subsume all additional levies such as Krishi Kalyan and Infrastructure cess in the Goods and Services Tax (GST), within an year of its implementation.

With effect from June, the government has proposed to impose a Krishi Kalyan cess of 0.5 per cent on all taxable services.

Finance Minister Arun Jaitley did not raise service tax in a big relief to taxpayers, but he announced a "Krishi Kalyan" cess of 0.5 per cent, which be levied on all services.