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{"id":3120,"date":"2016-05-27T15:33:00","date_gmt":"2016-05-27T10:03:00","guid":{"rendered":"https:\/\/taxclick.org\/?p=3120"},"modified":"2016-05-28T18:57:30","modified_gmt":"2016-05-28T13:27:30","slug":"levy-krishi-kalyan-cess-debtors-01-06-2016","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/services-tax\/levy-krishi-kalyan-cess-debtors-01-06-2016\/","title":{"rendered":"Levy of krishi kalyan cess on debtors as on 01.06.2016"},"content":{"rendered":"
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