Accounting code for payment of Krishi Kalyan Cess

Circular No. 194/04/2016-ST

F. No. 354/31/2016-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)

Principal Chief Commissioners of Customs and Central Excise(All)
Principal Chief Commissioners of Central Excise & Service Tax (All)
Principal Director Generals of Goods and Service Tax/System/CEI
Director General of Audit/Tax Payer Services,
Principal Commissioners/ Commissioners of Customs and Central Excise (All)
Principal Commissioners/Commissioners of Central Excise and Service Tax (All)
Principal Commissioners/Commissioners of Service Tax (All)
Principal Commissioners/Commissioners LTU/Central excise/Service Tax (Audit)

Madam/Sir,

Subject: Accounting code for payment of Krishi Kalyan Cess - regarding.

Chapter VI of the Finance Act, 2015 will come into effect from 1st June, 2016. Krishi Kalyan Cess is leviable on all taxable services, other than services which are fully exempt from Service Tax or services which are otherwise not liable to Service Tax under section 66B of the Finance Act, 1994, at the rate of 0.5%.

2. Accordingly, accounting codes have also been allotted by the Office of the Controller General of Accounts for the new Minor Head “507-Krishi Kalyan Cess” and new Sub-heads as under:

3. All concerned are requested to acknowledge the receipt of this circular.

4. Trade Notice/ Public Notice to be issued. Wide publicity through local news media including vernacular press may be given. Hindi version shall follow.

Yours faithfully,
(Abhishek Chandra Gupta)
Technical Officer (TRU)

(Author can be reached at By- Sonu Mehla Mobile- 8285910007 E-Mail- sonuandfirm@gmail.com)

File your ITR Return 2023-2024

Income Tax E-Filing E-file your income tax return (ITR) online through IndiaFilings quickly at lowest price. Get support from income tax experts for ITR filing. 2 Exclusive Offers Personal - Salaried Personal - Self Employed File Revised Return ...

Standards on Auditing - Not a choice but a compulsion

What are Auditing Standards? The Standards on Auditing is an area which requires greater focus of CA in practice as well as our administrative bodies who are updating our members. The Companies Act 2013 has discussed it in detail which was absent in erstwhile act. As per Sec 2 (7) “auditing standards” means the standards of auditing or any addendum thereto for companies or class of companies referred to in sub-section (10) of section 143. Sec 143 (9) reads “Every auditor shall comply with the auditing standards.” As per Sec 143 (10) The Central Government may prescribe the standards of auditing or any addendum thereto, as recommended by the Institute of Chartered Accountants of India, constituted under section 3 of the Chartered Accountants Act, 1949, in consultation with and after examination of the recommendations made by the National Financial Reporting Authority: Provided that until any auditing standards ar...

9 Smart Ways To Boost Reader Engagement On Your Blog

Are you struggling to get your readers to engage with your blog? When I started blogging, I struggled too. But then I found that people who have an engaged audience on their blogs have this one thing in common: Their content is interesting. “How can I make my content interesting?” Well, that’s what I will be answering in this guide. I know how it feels when your readers read all your posts but don’t take the time to comment or share. I know it hurts. Reader engagement is the key to building a massive community of fans. Your readers engage with your blog in a lot of different ways. This engagement could take place in any of the following forms: Commenting on your blog posts Sharing your blog posts Navigating to another blog post Subscribing to your newsletters Or simply taking some action Reader engagement is also a search engine ranking factor. Google uses the bounce rate of your website to measure Reader Engagement. Bounce Rate is simply ...

Complete Tax Solution

Search This Blog