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    Jul 4, 2016

    Service Tax Calculator with SBC and Krishi Kalyan Cess

    Krishi Kalyan Cess(KKC) is applicable on services at 0.5% from 1 June 2016 which is introduced in budget 2016. It increased the rate of service tax as below

    Service tax-                           14%
    Swacch Bharat Cess(SBC)-  0.5%
    Krishi Kalyan Cess(KKC)-   0.5%
    Total Service Tax              -15%

    So the calculation of service tax is changed as no input tax of Swacch Bharat Cess is allowed to MODVAT but Krishi Kalyan Cess modvat is allowed only to pay Krishi Klayan Cess. 

    All about Krishi Kalyan Cess on services

    So there is an excel based calculator for calculating service tax after krishi kalyan cess introduced.The features of this calculator are as follows.
    1. This is an excel based calculator.
    2. Both input tax as well as invoice tax calculation done separately.
    3. Use online as well as offline.
    Download excel based service tax calculator after KKC
    Tags- download service tax calculator,service tax calculator xls,service tax calculator 2016,service tax calculator with kkc,service tax calculator with krishi kalyan cess,krishi kalyan cess on service tax,calculation of krishi kalyan cess on service tax,service tax calculator 2016-17,service tax rate 

    2 comments:

    1. The Calculation sheet is ok but would have been better if it would also consider the exemptions part of services

      ReplyDelete
    2. The PRADHAN SEVAK is supposed to be doin the Janta SERVICE...then Y is this "SERVICE TAX" charged?
      Just so that the PS can LOOT us?

      ReplyDelete

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