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1. A new cess called as \u201cKrishi Kalyan Cess\u201d<\/strong> is to be levied @ 0.5%\u00a0 on the value of taxable<\/strong> services<\/strong>. This cess is in addition to any cess or service tax leviable on taxable services.<\/p>\n

2. The effective rate of service tax and cess w.e.f. 01.06.2016<\/strong> would now be 15% on value of taxable services.<\/p>\n

\"Rule\"<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

1. A new cess called as \u201cKrishi Kalyan Cess\u201d is to be levied @ 0.5%\u00a0 on the value of taxable services. This cess is in addition to any cess or service tax leviable on taxable services. 2. The effective rate of service tax and cess w.e.f. 01.06.2016 would now be 15% on value of taxable … Read more<\/a><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[39],"class_list":["post-3120","post","type-post","status-publish","format-standard","hentry","category-services-tax","tag-tax"],"yoast_head":"\nLevy of krishi kalyan cess on debtors as on 01.06.2016 - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/services-tax\/levy-krishi-kalyan-cess-debtors-01-06-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Levy of krishi kalyan cess on debtors as on 01.06.2016 - All About Finance\" \/>\n<meta property=\"og:description\" content=\"1. 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Gadia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manish R. Gadia\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/services-tax\/levy-krishi-kalyan-cess-debtors-01-06-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/services-tax\/levy-krishi-kalyan-cess-debtors-01-06-2016\/\"},\"author\":{\"name\":\"Manish R. 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