1. A new cess called as “Krishi Kalyan Cess” is to be levied @ 0.5% on the value of taxable services. This cess is in addition to any cess or service tax leviable on taxable services.
2. The effective rate of service tax and cess w.e.f. 01.06.2016 would now be 15% on value of taxable services.
