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
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About Nitin Aggarwal

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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