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

ONGC office wins sustainable building design award

 The state-of-the-art corporate office of oil and natural gas corporation (ONGC), Pandit Deen Dayal Uphadhayay Urja Bhawan,  in New Delhi has won leadership in energy and environmental design (LEED) India ‘platinum’ award by US green building council (USGBC), the highest recognition f

Mumbaiís changing campaign colours

Demonetisation was a factor as candidates in the fray for the Mumbai civic polls wooed people. Though the election commission doubled the expenditure limits from Rs 5 lakh to Rs 10 lakh, some candidates found the going hard as there was a weekly withdrawal limit of Rs 24,000. Rs 10 lakh is way ab

Make Godseís statement public, but donít idolise him

Nathuram Godse, who was brought up by his parents as a girl in the first few years of his life, has been reviled for decades for fatally shooting the apostle of peace Mahatma Gandhi. What Godse said during the Gandhi assassination trial has not been made public, giving rise to considerable speculation.

First coal rake flagged off from NTPCís coal block in Hazaribagh

The first coal rake of NTPC’s Pakri-Barwadih coal mine at Hazaribagh was flagged-off by finance minister Arun Jaitley, Jharkhand chief minister Raghubar Das, union minister of state for power, coal, N&RE and mines Piyush Goyal, and minister of state for civil aviation Jayant Sinha, at Ranchi on

AIMIM to contest Pune civic polls for the first time

“Our corporator is missing,” reads a banner on a defunct lamppost in Shaniwar Peth – a densely populated area in Pune, the second largest city of Maharashtra after Mumbai. Many more sprang up in the nearby alleys, a couple of months before the municipal corporation polls on February 21.&n

How a PSU takes land for mining

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with his family. That morning, he was nearing Dadi Kalan, a neighbouring village, to meet an acquaintance when he heard gunsh

Video

रामदेव को अब 2000 का नोट पसंद नहीं
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter