INTERVIEW QUESTIONS TAX KRISHI KALYAN CESS DETAILS

Question: In case of services covered by Abatement, what would be effective rate of Krishi Kalyan Cess(KKC) tax?

Answer: Taxable Services, on which service tax is leviable on a certain percentage of value of taxable service, will attract KKC on the same percentage of value as provided in the Notification No.26/2012-Service Tax dated 20th June, 2012. So, this notification would apply for KKC also in the same manner as it applies for Service Tax.

For instance in case of GTA Service, it would be 15%*30%= 4.50%.

Taxable Services, on which service tax is leviable on a certain percentage of value of taxable service, will attract KKC on the same percentage of value as provided in the Notification No.26/2012-Service Tax dated 20th June, 2012. So, this notification would apply for KKC also in the same manner as it applies for Service Tax.

For instance in case of GTA Service, it would be 15%*30%= 4.50%. Source: CoolInterview.com

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