Accounting code for payment of Krishi Kalyan Cess - (26 May 2016)
MANU/DSTX/0036/2016
Other Taxes
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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