'One More Cess Means You Will Be Paying 15% In Service Tax From Today Onwards'

By LIKHAVEER | INNLIVE

The Krishi Kalyan Cess makes eating out and taking an Uber more expensive.

From today onwards, the cost of most services, including eating out and your Uber ride, will go up at 0.5% of the total bill with the introduction of a new Krishi Kalyan Cess. This cess will be levied in addition to the prevailing service tax rate of 14.5%.

After introducing the 0.5% Swachh Bharat Cess in November, the Union Finance Minister announced in this year’s Budget that the government would levy a Krishi Kalyan Cess to finance activities related to agriculture and build a fund for the welfare of the farmers.