Krishi Kalyan Cess to make eating out, mobile bills costlier

People will now have to pay an additional 0.5 percent tax

GN Bureau | June 1, 2016


#taxable services   #cess   #budget   #Arun Jaitley   #Swachh Bharat Cess   #service tax  


 June 1 onwards, people will have to pay an addition 0.5 percent tax whenever they go out to dine or buy a movie ticket.

The Krishi Kalyan Cess, announced by finance minister Arun Jaitley in his budget speech earlier this year, will make services such as air and rail travel, mobile bills, restaurant and hotel bills, insurance, healthcare and banking services, among others to be costlier. The move was made to improve agricultural development in the country. 

 
The cess would be levied on all taxable services. After the introduction of Swachh Bharat Cess of 0.5 percent last year and with the present service tax of 14 percent, people would now have to pay a total of 15 percent tax on services. The government aims to collect Rs 5,000 crore during the remaining 10 months of the current fiscal through this cess.
 

Comments

 

Other News

How Homo Sapiens urbanised in the blink of an evolutionary eye

Work: A History of How We Spend Our Time By James Suzman Bloomsbury, 464 pages Among the many assumptions the pandemic has fo

Mumbai on full alert against Omicron

After reports of Omicron, a new potentially contagious variant of coronavirus detected in South Africa, Belgium, Hong Kong, Britain and Israel, more European countries have reported cases, raising global concern and imposing travel restrictions.   The WHO has classified it as a ‘va

Five Ws of Gandhi assassination

The Murderer, the Monarch and the Fakir: A New Investigation of Mahatma Gandhi’s Assassination By Appu Esthose Suresh and Priyanka Kotamraju HarperCollins, 240 pages, Rs 399

13 states told increase Covid-19 testing

In view of several countries reporting surges in Covid-19 cases and many developed nations facing fourth and fifth waves despite high numbers of vaccinations, the Ministry of Health and Family Welfare has written to the states of Nagaland, Maharashtra, Sikkim, Kerala, Goa, Manipur, Meghalaya, Mizoram, J&am

PMC Bank proposed resolution: Areas of darkness at the end of tunnel

A few months after the Punjab and Maharashtra Co-Operative Bank Ltd (PMC Bank) was put under moratorium in September 2019, I met an announcer in a function on banking organised by an industry body, with which I have been associated. She was young, pretty beautiful and had a sweet voice and modulation. She

Atal Innovation Mission and Vigyan Prasar collaborate to engage with science and Atal Tinkering Labs

 Niti Aayog’s flagship initiative, Atal Innovation Mission (AIM), recently announced to collaborate with Vigyan Prasar, an autonomous organization of the Department of Science and Technology, Government o

Visionary Talks: Dr. Naresh Trehan, CMD Medanta Heart Institute with Kailashnath Adhikari



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter