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All India PT Mock Test (OMR Based) Across 20 Cities

will be conducted on 6th May and 20th May, 2018. Click here for Test Schedule & Online admission.

Test Center List:

  1. Delhi
  2. Jammu
  3. Chandigarh
  4. Ahmedabad
  5. Bhopal
  6. Lucknow
  7. Allahabad
  8. Patna
  9. Ranchi
  10. Kolkata
  11. Bhubaneswar
  12. Raipur
  13. Jaipur
  14. Mumbai
  15. Pune
  16. Nagpur
  17. Hyderabad
  18. Chennai
  19. Coimbatore
  20. Bengaluru

Krishi Kalyan Cess

Krishi Kalyan Cess

A cess is a tax that is levied by the government to raise funds for a specific purpose. Collections from the Education Cess and the Secondary and Higher Education Cess, for instance, are supposed to be used for funding primary and higher and secondary education respectively. The new cess is supposed to be levied at a rate of 0.5% on all goods and services where the government can levy service taxes. It is supposed to promote various initiatives in the domain of agriculture and also finance them. The government already charges service taxes at the rate of 14% and the Swachh Bharat Cess is applied at a rate of 0.5%. With the KKC, the total service tax rate would effectively go up to 15%. KKC would be levied, charged, collected and paid to Government independent of Service Tax. This needs to be charged separately on the invoice, accounted for separately in the books of accounts and paid separately under separate accounting code. The proceeds of the Krishi Kalyan Cess shall first be credited to the Consolidated Fund of India and the Central Government may, after due appropriation made by Parliament by law in this behalf, utilise such sums of money of the Krishi Kalyan Cess for such specified purposes.

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