GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification
No. 28/2016-Service Tax
New Delhi, Dated the 26th May, 2016
G.S.R. ---(E).- In exercise of the powers conferred by sub-section (1) of
section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of
section 161 of the Finance Act, 2016 (28 of 2016), the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby exempts
such taxable services from whole of Krishi Kalyan Cess leviable thereon which
are either exempt from the whole of service tax by a notification or special
order issued under sub-section (1) or as the case may be under sub-section (2)
of section 93 of the Finance Act, 1994 or otherwise not leviable to service tax
under section 66B of the Finance Act, 1994:
Provided that Krishi Kalyan Cess shall be leviable only on that percentage of
taxable value which is specified in column (3) for the specified taxable
services in column (2) of the Table in the
notification No. 26/2012-Service Tax,
dated 20th June, 2012, published in the Gazette of India, Extraordinary, Part
II, Section 3, sub-section (i) vide number G.S.R. 468 (E), dated the 20th June,
2012.
Explanation.- It is hereby clarified that value of taxable services for the
purposes of the Krishi Kalyan Cess shall be the value as determined in
accordance with the Service Tax (Determination of Value) Rules, 2006.
This notification shall come into force from the 1st day of June, 2016.
[F. No. B-1/18/2016 - TRU]
(Anurag Sehgal)
Under Secretary
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