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KRISHI KALYAN TAX
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...
Government collected Rs 2,35,308 crore as cesses in 2016-17The amount generated from the aforesaid cesses and surcharges under the indirect tax category stood at Rs 1,88,368.58 crore last fiscal.
LTCG tax on equity, STT left untouched in Budget: 10 taxes to pay when you investRelieved? But don’t lose sight of the fact that you actually pay as many as 10 taxes in the financial markets when you invest or save. Take...
Are multiple service tax rates in the offing?While Budget 2016 had hiked the service tax by 0.5 per cent to 15 per cent, all eyes will be on Budget 2017 to see if there will be any fur...
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.
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...
Some cheer and jeer! 4 tax decisions that will impact your pocket from tomorrowIf you are taxpayer, there is some cheer and jeer coming your way tomorrow. Here's a quick list of what's going to impact your pocket from ...
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.
retrospective tax impact of Krishi Kalyan Cess worries India IncWhile India Inc has made representations in this regard, till date a clarification has not been issued by the Central Board of Excise and C...
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: Arun Jaitley gives extra thrust to rural and farm segmentsArun Jaitley’s Budget also tried to woo the BJP’s traditional urban non-salaried middle class, with reforms towards presumptive tax.
Budget 2016: NDA government failed to propose roadmap to control fiscal deficit, says Sachin PilotTerming the Union budget 2016-17 as a "dissapoinment", he said provisions like Krishi Kalyan Cess, Infra Cess and Clean Energy Cess will pu...
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.