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KRISHI KALYAN
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
GST Council unveils draft of changes proposed to GST lawThis may bring cheer from labourers, nurses, security guards and working women and would align the GST law with the labour laws and other e...
Companies that took Krishi Kalyan Cess credit may face penaltiesMost companies had merged the KKC credit lying in their books with other credits when goods and services tax was rolled out on July 1 last ...
Companies unlikely to get transition credit for cesses paid earlierAlthough the government had made it clear at the outset that no transition credit would be available after implementation of the GST regime...
Companies may merge Krishi Kalyan Cess credit with other creditsTax experts point out that most companies are looking to merge KKC with other credits, and this may not go down well with the taxman.
Government seeks parliament nod for final batch of supplementary grants demandIt has sought approval for gross additional expenditure of Rs 11.35 lakh cr that will be matched by savings made by ministries and departme...
Govt seeks House nod for additional spending of Rs 11.35 lakh croreAs per the Demands for Grants document, an additional Rs 3,293 crore has been sought for payment of arrears towards 7th Pay Commission awar...
Know the charges, taxes on your restaurant bill to avoid being overchargedIt is always better to know the charges and taxes levied on your restaurant bill if you want to avoid being overcharged.
Government seeks Parliament nod for additional net spending of Rs 35,000 croreModi government must also contend with the fallout from his dramatic decision a month ago to abolish high-value banknotes accounting for 86...
States lobby for GST rate of over 20% to curb revenue lossAlthough Isaac admitted that GST would be a burden on people, he argued that it would neutralise revenue loss for the Centre and the states.
Krishi cess not applicable if invoice generated before May 31Finance Minister Arun Jaitley announced 0.5% Krishi Cess on all taxable services to be used for improvement of agriculture sector and farme...
AC train fare to become marginally costlierKrishi Kalyan cess of 0.5 per cent on service tax will be imposed on all AC class tickets, freight and parcel, a senior Railway Ministry of...
Phone bills, eating out and banking transactions become costlier from next monthFinance minister Arun Jaitley had proposed the Krishi Kalyan Cess in this Budget, which is at 0.5% on all taxable services.
Government should reconsider imposition of Krishi Kalyan CessCredit of such cess shall be allowed as Cenvat credit for payment of cess by a service provider. However, manufacturing units will be unabl...
Additional cess to be subsumed in GST within one year: Tax officialIn Budget 2016-17 presented by Arun Jaitley last month, the government has imposed two new cesses -- one related to farm and another for in...
Budget 2016: Agriculture may grow 4% in FY17, says Radha Mohan SinghThe Budget has also earmarked Rs 38,500 crore for the rural job guarantee scheme. Singh said the funds raised though the cess will be used ...
Agriculture minister Radha Mohan Singh aims 4% farm sector growth in FY17 on Budget support, monsoonThe Budget presented on Monday has allocated Rs 35,984 crore for the agriculture sector and farmers’ welfare, with major thrust on irrigati...
Budget 2016: Service tax proposed to be increased from 14.5% to 15%By imposing Krishi Kalyan Cess of 0.5% on all taxable services, FM proposes to increase service tax to 15 percent.
Budget 2016: Budget brings 2 new cesses, hikes environment levyGovt today proposed Krishi Kalyan Cess and Infrastructure Cess, raised incidence of Environment levy, while deciding to do away with as man...
Budget 2016: Additional 0.5% tax on all taxable services under Krishi Kalyan Tax for benefit of farming communityHowever, the finance minister did not explain the channel or area for usage of the corpus collected under this scheme.