As we all know, the Central Government vide Union Budget 2016-17 introduced a new Cess namely ‘Krishi Kalyan Cess’ (“KK Cess”), to be levied @ 0.5 per cent on the value of taxable services w.e.f June 01, 2016. For the said purpose, a separate chapter was inserted (i.e. Chapter VI) in the Finance Bill, 2016, … Continue reading Short Note on Krishi Kalyan Cess- New levy under the Finance Act, 2016