26.05.2016

Other Taxes

Accounting code for payment of Krishi Kalyan Cess

MANU/DSTX/0036/2016

The Ministry of Finance allotted ‘Krishi Kalyan Cess’, levied on all taxable services from 1 June 2016, its distinct accounting code.

The tax is nominated “507-Krishi Kalyan Cess” as a new Minor Head.

The new tax payable on services is set at 0.5 per cent, similar to the recently levied ‘Swachh Bharat cess’.

Tags : krishi kalyan cess accounting code 2016

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