People will now have to pay an additional 0.5 percent tax
GN Bureau | June 1, 2016
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.
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