0.5% Service Tax on All Services by way of Krishi Kalyan Cess from 1 June 2016
· Total Service Tax 15% Now – 14% + 0.5% (Swachh Bharat) + 0.5% (Krishi Kalyan)
[Service Tax Notification No. 27 dated 26th May 2016]
Seeks to provide that notification No. 30/2012 - Service Tax, dated the 20th June, 2012, shall be applicable mutatis mutandis for the purposes of Krishi Kalyan Cess.
In exercise of the powers conferred by sub-section (2) of section 68 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 provides that notification No. 30/2012 - Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 472 (E), dated the 20th June, 2012 shall be applicable mutatis mutandis for the purposes of Krishi Kalyan Cess.
This notification shall come into force from the 1st day of June, 2016.
[F.No. B-1/18/2016 - TRU]