Krishi Kalyan Cess
Revision in Service Tax rates W.E.F: 01st June 2016
Dear Sir/ Madam,
* The current service tax is charged @ 14.5% which includes Service Tax 14% & Swacch Bharat Cess 0.5%.
* The revised service tax will be 15% which includes Service Tax 14%, Swacch Bharat Cess 0.5% & Krishi Kalyan Cess @ 0.5%.
* The KKC will be included in all the invoices which is raised on or after 01st June 2016 for services provided from 01st June 2016.
* The KKC will also be charged according to Reverse Charged Mechanism (RCM), which is payable by the Service Recipient.
For any further clarification you may reply to this mail.